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World Bank projects Nigeria’s economic growth to rise to 4.4% in 2026 and 2027 on the back of new tax laws and reforms.
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Prudent monetary policies and improved investor confidence expected to reduce inflation and boost economic activity.
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Higher oil output seen offsetting weaker global oil prices, strengthening fiscal revenues and external balance
The World Bank has said Nigeria’s recently introduced tax laws, alongside prudent monetary policies and broader economic reforms, will drive the country’s economic growth rate to 4.4 percent in 2026 and 2027.
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The projection was contained in the bank’s Global Economic Prospects report released in January 2026, where it described the outlook as Nigeria’s fastest growth pace in more than a decade.
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The new forecast represents an upgrade from the 3.7 percent growth earlier projected in the bank’s June 2025 report.
According to the World Bank, ongoing economic reforms, including changes to the tax system, are expected to sustain economic activity, improve investor sentiment, and further ease inflationary pressures.
The bank added that increased oil production is likely to compensate for lower international oil prices, helping Nigeria boost government revenues and strengthen its external position.
The projection comes amid signs of economic recovery, as data from the National Bureau of Statistics (NBS) showed that Nigeria’s Gross Domestic Product (GDP) grew by 3.98 percent year-on-year in real terms in the third quarter of 2025.
