The Nigerian Economic Summit Group (NESG)has projected Nigeria’s gross domestic product(GDP) to grow by 5.5 percent in 2026.
Olusegun Omisakin, NESG’s chief economist and director of research and development, spoke on Thursday at the launch of the group’s ‘2026 Macroeconomic Outlook’ report in Lagos.
The report, themed “Consolidating economic stabilisation gains: pathway to sustainable growth in Nigeria,” outlines key targets for the economy in 2026, including 16 percent inflation rate and an exchange rate of N1,480 per dollar.
The external reserves are also expected to rise to $52 billion.
On Tuesday, the World Bank increased its projection for Nigeria’s economic growth rate for 2026 to 4.4 percent from the 3.7 percent forecasted in June 2025.
The global financial institution also upgraded Nigeria’s economic growth rate for 2027 to 4.4 percent from 3.8 percent.
