The World Bank has projected that Nigeria’s economy is on track to record its fastest growth in more than ten years, upgrading its growth forecast to 4.4 per cent for both 2026 and 2027.
The projection was contained in the World Bank’s latest Global Economic Prospects report released yesterday. The revised outlook represents an increase from the 3.7 per cent and 3.8 per cent growth rates earlier projected for 2026 and 2027 in the June forecast.
According to the report, Nigeria’s economy expanded by 4.2 per cent in 2025, driven by strong growth in the services sector, particularly finance and information and communication technology, alongside a modest recovery in agriculture and the country’s emergence as a net exporter of refined petroleum products.
The World Bank said growth is expected to strengthen further in 2026 and 2027, supported by continued expansion in services, a rebound in agricultural output and a modest acceleration in non-oil industrial activities.
Economic reforms, including improvements to the tax system and the maintenance of prudent monetary policy, are also expected to boost investor confidence and help reduce inflation.
The report added that higher oil output is expected to offset lower international oil prices, improving fiscal revenues and strengthening Nigeria’s external balance.
However, the World Bank cautioned that sustaining the momentum would require addressing long-standing structural challenges.
Although fiscal rules adopted in 2007 were intended to reduce exposure to oil revenue volatility, weak institutional frameworks have historically limited effective enforcement.
The bank noted that ongoing reform efforts are focused on removing these structural bottlenecks to ensure that the projected growth is durable and inclusive.
Na we borrow pass our budget, and na we wan get fastest growth by 2026. Oh Chi m o😀🤣🤣
Obindients are in pains
Numbers don’t lie
You get exhausted trying to make people understand you, explaining too much, waiting too long, hoping someone notices your effort. And then you realized some people don’t want to understand, they just want you to keep explaining.
People will betray you in ways that feel tiny at first—small lies, forgotten promises, distant messages. And it accumulates until one day you feel like everything around you is heavy. That’s the moment you have to choose 👉 carry the weight or leave it behind, move on and stop explaining to anyone.
What drives economic growth and prosperity is the amount of money government generates through its dealings. That’s why I don’t see anything wrong with taxing people who earns money to a certain income bracket.
Tax is used to develop a country and foster economic prosperity.
People earn money every day, spend it on girls and ball in club but they can’t pay tax. How do you expect your country to prosper?
The real question now is that if Nigerians are willing to let their tax get into work. I mean holding our leaders accountable and having transparency in the government. No sentiment or emotions
President Tinubu is making commendable progress in restoring Nigeria’s image and making the nation proud on the global stage. His leadership has encouraged renewed international engagement, strengthened diplomatic relations and attracted global attention to Nigeria’s reform agenda. Through active participation in international forums and collaboration with global partners, Tinubu is working to reposition Nigeria as a respected, influential and reliable country in the international community.
The reaping begins…
Country wen they own for every corner
All this news is like MTN telling me you have been consistent with recharging so therefore you are eligible to collect huge amount of loan
…. wailers won’t believe….o”level economists won’t agree ooo.