International records / OpenAlex research

Nigeria's Economic Outlook: Difficulties and Possibilities

Nigeria’s economic outlook for 2026 is more resilient, but key challenges remain. In the first quarter, real GDP grew by 3.89%, and the non-oil sector accounted for 96.08% of real GDP. Despite this, headline inflation stayed high at 15.91% in June, and food inflation rose to 17.52%, so the cost of living is still a concern. The International Monetary Fund expects real GDP to grow by 4.1% in 2026, but risks from energy prices, food costs, security, and infrastructure continue. This article reviews Nigeria’s prospects by looking at macroeconomic stability, oil dependence, fiscal and monetary ref…