PwC Projects Real GDP Growth of 4.3% for Nigeria in 2026

Kayode  Tokede

PwC Nigeria has released its Economic Outlook, projecting a real Gross Domestic Product  (GDP) of 4.3 per cent for Nigeria in 2026.

PwC said its GDP growth forecast is predicated on inflation moderating gradually and the naira remaining broadly stable.

According to PwC, the fiscal constraints persist, reinforcing the importance of capital efficiency and balance-sheet discipline.

The report examined how recent gains in macroeconomic stability are reshaping the operating environment for businesses, investors, and markets as Nigeria moves into 2026.

The Economic Outlook 2026 identifies seven key issues shaping Nigeria’s economic performance in the year ahead, spanning global and domestic forces.

These include; 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.

Commenting on the report, 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.”

Speaking on the outlook, Partner and Chief Economist, PwC Nigeria, 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 3.1per cent, while merchandise trade growth slows to about 0.5per cent,   keeping oil prices, capital flows, and access to foreign inflows as key channels influencing Nigeria’s growth and FX liquidity.”