The CFG Advisory has projected that Nigeria’s GDP will grow by 5% + in 2026.

The Lagos-based economic intelligence outfit also predicted that Nigeria’s inflation rate will come down to a single digit while Monetary Policy Rate will decline to 20% in the year, and the Naira will be trading between ₦1,400 and ₦1,500 per US dollar.

The outfit said “approaching the third year of difficult reforms, *the urgency of now* is clear: the economy is at a point of inflection, and government must implement policies that convert reform gains into productivity-led growth at 8-10%, capable of improving livelihoods and lifting over 140 million Nigerians out of multidimensional poverty”.

It noted that fiscal indiscipline remains the clear and present danger, explaining that “a three-year cumulative budget deficit exceeding ₦50 trillion, persistent inability to fund capital budgets, and a 2026 fiscal deficit of ₦23.85 trillion underscore this challenge”.

“Most alarming”, it pointed out, “2026 Budget debt service obligations of ₦15.2 trillion exceeding the combined ₦14.97 trillion allocation for Defense, Security, Education, and Health Budgets, raises a red flag demanding urgent attention”.