EnterpriseNGR foresees Nigeria’s economy stabilising in 2026, driven by recent reforms in the country. The firm also noted that Nigeria is a home for investors seeking higher returns in Africa, amid slowing growth in major economies.
EnterpriseNGR disclosed this in its 2026 Nigeria Macroeconomic Outlook in partnership with EY, where their growth projection aligns with the World Bank and IMF’s 4.4 percent GDP growth projections for Nigeria.
EnterpriseNGR is a member-led private sector group, promoting an enabling policy environment for the growth and competitiveness of Nigeria’s Financial and Professional Services (FPS) sector.
The firm brings together organisations in the Financial and Professional Services (FPS) sector to champion Nigeria’s transformation into the leading financial services destination in Africa.
Their 2026 Nigeria Macroeconomic Outlook report, unveiled in Lagos on Thursday, forecasts real GDP growth of around 4.4 percent in 2025, supported by an expansion in the services sector, improved foreign exchange conditions, and stronger financial intermediation.
Obi Ibekwe, chief executive officer, EnterpriseNGR, while speaking on the report noted that it goes beyond documenting economic trends to provide a guide for navigating 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.
“Anchored on the theme ‘Reform-Led Stability: Boosting Confidence, Unlocking Sustainable Growth,’ this outlook goes beyond documenting Nigeria’s economic evolution; it offers a clear, forward-looking guide to navigating the opportunities emerging from a reformed macroeconomic landscape.”
Ibekwe noted that Nigeria has entered a phase of stability and reform-led growth, following a period of structural adjustments, including the unification of foreign exchange markets and fiscal policy recalibration.
She said inflation moderating to 15.15 percent, real GDP growth gaining momentum, and foreign reserves which have reached multi-year highs are all key indicators supporting the shift.
According to the CEO, reforms in the foreign-exchange market, fiscal framework and financial system, though painful, were essential to correcting long-standing distortions.
“What this Outlook makes clear is that Nigeria has reached a post-adjustment inflexion point. Key indicators such as inflation, foreign-exchange liquidity, external reserves and investor sentiment suggest that the foundations for macroeconomic stability have now been laid,” Ibekwe said.
Ibekwe added that the structure of growth was also changing, with non-oil sectors accounting for over 96 per cent of GDP, reflecting the expanding role of services, financial intermediation, telecommunications, trade and the creative economy, adding that ongoing bank and insurance recapitalisation, the Nigeria Tax Act 2025, insurance reforms and stronger governance standards were rebuilding balance sheets and credibility across the professional and financial service sector.