CPPE Projects Nigeria’s GDP Growth Between 4.0 and 4.5% in 2026
The Centre for the Promotion of Private Enterprise (CPPE) has projected that Nigeria’s gross domestic product (GDP) will expand between 4.0 and 4.5 per cent in 2026, reflecting cautious optimism about the country’s economic prospects following recent gains in macroeconomic stability.
In a report released by the think tank, CPPE’s Chief Executive Officer, Dr. Muda Yusuf, highlighted that improvements in exchange‑rate predictability and a moderation in inflationary pressures have strengthened business confidence, boosted domestic demand, and created a foundation for stronger growth next year.
“The measures implemented to stabilise macroeconomic conditions have created the right environment for private‑sector activity to pick up gradually,” Yusuf said, noting that the government’s policies could facilitate lower interest rates and improve investment planning.
The CPPE’s outlook identifies non‑oil sectors — including telecommunications, finance, construction, real estate, and trade — as the primary drivers of growth in 2026. The report also points to major infrastructure and industrial developments, such as potential listings of significant enterprises like the Dangote Refinery, as key factors that could attract both domestic and foreign investment.
While the projection reflects optimism, the think tank cautioned that risks remain.
Challenges such as insecurity, high energy and logistics costs, debt-service obligations, and potential volatility in the oil sector could temper economic expansion if not properly managed.
The CPPE forecast positions Nigeria on a growth trajectory slightly above some international estimates. For instance, the World Bank has projected Nigeria’s GDP growth at about 3.7 per cent in 2026, highlighting the need for continued reform momentum to sustain and potentially surpass expectations.
Overall, the CPPE’s projection signals a gradual recovery and strengthening of the Nigerian economy, contingent on continued reforms, sustained investor confidence, and effective management of structural and external risks.
