By Jemimah Wellington, JKNewsMedia Correspondent
ECONOMIC REFORMS are set to lift Nigeria’s growth rate to 4.4 percent in 2026 and 2027, driven by new tax laws, prudent monetary policies, and other measures, the World Bank (WB) has said.
The bank disclosed this projection in its Global Economic Prospect (GEP)report released in January 2026.
It described the outlook as Nigeria’s fastest growth pace in more than a decade.
The forecast represents an upgrade from the WB’s earlier projection of 3.7 percent published in its June 2025 GEP report.
“Economic reforms, including the tax system, along with continued prudent monetary policy, are expected to continue supporting activity,” the WB also stated.
The bank said the reforms are expected to “improve investor sentiment and reduce inflation further.”
It added that “higher oil output is expected to offset lower international oil prices this year, helping to boost fiscal revenues and strengthen the external balance.”
The projection comes as Nigeria’s Gross Domestic Product (NGDP) grew by 3.98 percent in real terms on a year-on-year basis in the third quarter of 2025, data released by the National Bureau of Statistics (NBS) showed.
