EnterpriseNGR expects Nigeria's economy to stabilize in 2026, driven by recent reforms in the country. The firm also noted that amid slow growth in major economies, Nigeria is a home for investors seeking higher returns in Africa.
EnterpriseNGR revealed this in its 2026 Nigeria Macroeconomic Outlook in partnership with EY, where their growth projection is in line with the World Bank and IMF's 4.4 percent GDP growth projection for Nigeria.
EnterpriseNGR is a member-led private sector group that promotes an enabling policy environment for the growth and competitiveness of Nigeria's financial and business services (FPS) sector.
The firm brings together organizations in the financial and professional services (FPS) sector to transform Nigeria into the leading financial services destination in Africa.
Their 2026 Nigeria Macroeconomic Outlook report unveiled in Lagos on Thursday projects real GDP growth of about 4.4 percent in 2025, supported by expansion in the services sector, improving foreign exchange conditions and stronger financial intermediation.
Speaking on the report, Chief Executive Officer of EnterpriseNGR, Obi Ibekwe, said it goes beyond documenting economic trends to provide a guide to navigate the opportunities arising from Nigeria’s reform-driven macroeconomic landscape.
“It is with a strong sense of purpose that I present the EnterpriseNGR 2026 Macroeconomic Outlook: A Financial and Professional Services Perspective, a landmark publication developed through the strategic collaboration between EnterpriseNGR and EY,” Ibekwe said.
“Based on the theme 'Reform-led Stability: Boosting Confidence, Unlocking Sustainable Growth', this approach goes beyond documenting Nigeria's economic growth; it provides a clear, forward-looking guide to navigating the opportunities emerging from a reformed macroeconomic landscape.”
Ibekwe said that after a period of structural adjustment, including the integration of foreign exchange markets and fiscal policy recalibration, Nigeria has entered a phase of stability and reform-led growth.
Inflation down to 15.15 per cent, real GDP growth accelerating and foreign exchange reserves reaching multi-year highs are all key indicators supporting the transition, he said.
According to the CEO, reforms to the foreign exchange market, fiscal framework and financial system, although painful, were necessary to correct long-standing distortions.
“What this Outlook makes clear is that Nigeria has reached the post-adjustment inflection point. Key indicators such as inflation, foreign exchange liquidity, external reserves and investor sentiment suggest that the foundation for macroeconomic stability has now been laid,” Ibekwe said.
Ibekwe said the structure of growth was also changing, with non-oil sectors accounting for over 96 per cent of GDP, reflecting the growing role of services, financial intermediation, telecommunications, trade and the creative economy, adding that the ongoing bank and insurance recapitalization, Nigeria Tax Act 2025, insurance reforms and strengthened governance standards were rebuilding balance sheets and credibility in the professional and financial services sector.
