Nigeria targets 4.0 percent growth as consumer spending rises

Nigeria is set to outrun global growth in 2026, powered by reforms, digital money, and consumers finally spending again.

Growth outlook and headline numbers

• Nigeria targets 4.0 percent growth in 2026.
• Global expansion trails at 3.1 percent.
• Reforms and investment drive momentum.
• Business confidence keeps climbing.

Consumer spending comes back strong

• Inflation cools, restoring household buying power.
• Shoppers open wallets for travel and lifestyle.
• Discretionary spend rises during the first half of 2025.
• Confidence shows up in everyday transactions.

Trade shifts and market access

• Nigeria leans harder into EEMEA trade routes.
• US tariffs squeeze autos, textiles, and farming.
• China drops import duties on African goods.
• Faster payments help exporters move more quickly.

Investment and digital push

• Renewables and transport projects expand capacity.
• Urban development lifts long-term output.
• AI and digital payments boost SME reach.
• Tech-first firms gain market share fast.

Policy backdrop and inflation outlook

• Softer dollar eases price pressure across Africa.
• Lower energy costs steady inflation.
• Central banks gain room to cut rates.
• Consumers stay value-focused but tech-forward.