Nigeria is on track for its strongest economic expansion in more than a decade as structural reforms, improving macroeconomic stability, and sectoral recovery combine to lift growth prospects over the medium term.
According to World Bank projections, growth is expected to strengthen on the back of sustained reforms, particularly in fiscal management and monetary policy, alongside continued expansion in the services sector and a rebound in agricultural activity.
These drivers are expected to offset lingering global uncertainties and domestic adjustment pressures.
Recent policy shifts aimed at restoring market discipline, strengthening public finances, and improving price stability have begun to reshape economic conditions.
While the adjustment phase initially weighed on households and businesses, the reforms have improved fiscal resilience and enhanced investor confidence, laying the foundation for stronger and more durable growth.
Services continue to emerge as a key growth anchor, supported by financial services and technology-related activities, while agriculture is projected to recover as productivity improves.
Higher oil output is also expected to support fiscal revenues and external balances, even amid softer global crude prices.
With reform momentum sustained, policymakers are positioning the economy for a period of faster, more balanced expansion, underpinned by improved macroeconomic fundamentals and a gradual return to price stability.
