…Identifies 7 Key Issues To Sustain Growth Trajectory
PwC Nigeria, a leading economic research and consulting company, has projected that Nigeria’s economy will grow by 4.3% this year if the government and other stakeholders sustain policy measures and other initiatives crucial to sustaining the current growth trajectory of the economy.
The firm, in its just released ‘Economic Outlook 2026’, which examined how recent gains in macroeconomic stability are reshaping the operating environment for businesses, investors, and markets, noted that Nigeria recorded improvements in macroeconomic stability in 2025 following key monetary and foreign-exchange reforms, with inflation easing, exchange-rate conditions stabilising, and external reserves strengthening.
The report highlighted how this stability would be influencing strategic business choices in 2026, particularly around investment, cost and funding decisions, and regulatory, tax, and digital priorities.
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The firm’s Economic Outlook 2026 identified seven key issues shaping Nigeria’s economic performance in the year ahead, spanning global and domestic forces.
It listed these as including monetary policy effectiveness, fiscal sustainability and reform execution, global economic and geopolitical dynamics, domestic security and social pressures, uneven sectoral growth, consumer affordability constraints, and the expanding role of the digital economy and artificial intelligence.
PwC reported that looking ahead, the outlook projected real GDP growth of about 4.3% in 2026 for the economy, with inflation gradually moderating and the naira remaining broadly stable even as fiscal constraints persisted, reinforcing the importance of capital efficiency and balance-sheet discipline.
Against this backdrop, PwC Nigeria highlighted practical imperatives for business leaders in 2026, including making selective investment bets in attractive sectors and regions, scenario-planning for macroeconomic and geopolitical shocks, adapting business models and cost structures for resilience, accelerating digital transformation and responsible AI adoption, and strengthening regulatory and tax compliance as reforms move from design to implementation.
Commenting on the report’s findings, Country Senior Partner, PwC Nigeria, Sam Abu, said: “PwC Nigeria’s Economic Outlook 2026 provides forward-looking analysis of key macroeconomic indicators and what they signal for the economy and for business leaders. Nigeria has achieved improved macroeconomic stability over the past year. The focus now is how that stability is translated into sustainable economic growth, and how businesses position for 2026. For companies, this stability provides a more predictable operating environment for planning, investment, and growth decisions.”
In his remarks on the nation’s economic outlook this year, the firm’s Partner and Chief Economist, Olusegun Zaccheaus, said: “The seven themes in the Outlook show how global and domestic forces will shape economic performance in 2026. Globally, growth is projected at around 3.1%, while merchandise trade growth slows to about 0.5%, keeping oil prices, capital flows, and access to foreign inflows as key channels influencing Nigeria’s growth and FX liquidity.
“Domestically, improved monetary effectiveness has reduced volatility and clarified pricing, cost, and funding signals, even as fiscal pressures, security challenges, and weak household purchasing power continue to shape sector outcomes. Growth is more likely to remain concentrated in services and selected capital-intensive sectors, placing a premium on disciplined capital allocation and sector selection”, the economist added.
