World Bank downgrades Nigeria’s 2026 economic growth to 4.1%

The World Bank has downgraded Nigeria's economic growth forecast to 4.1% for 2026, down from 4.4% projected in October 2025. The forecast for 2027 has also been reduced to 4.2%, while the 2028 forecast is set at 4.3%. The report highlights that growth will be primarily driven by the services sector, particularly ICT, finance, and real estate, while agriculture and industry are expected to expand more slowly due to structural constraints.