Nigeria 2026 Macroeconomic Outlook: Enterprise NGR Forecasts Fiscal Stability and Growth
2026 Economic Outlook
EnterpriseNGR, the professional advocacy group for Nigeria’s Financial and Professional Services (FPS) sector, has released its 2026 Macroeconomic Outlook, projecting a period of increased fiscal stability and renewed investor confidence. Presented during a high-level stakeholder engagement in Lagos on Thursday, 22 January 2026, the report suggests that the aggressive policy reforms initiated by the Federal Government over the past two years are beginning to yield measurable improvements in key economic indicators.
The outlook serves as a strategic roadmap for policymakers and institutional investors, detailing the expected trajectory of inflation, exchange rate volatility, and Gross Domestic Product (GDP) growth. According to EnterpriseNGR, the Nigerian economy has transitioned from a phase of high-impact adjustment to a period of consolidation, provided that current monetary and fiscal synchronisation remains consistent.
Key Growth Drivers and Fiscal Projections
The 2026 report identifies the stabilisation of the Naira and the gradual deceleration of headline inflation as the primary catalysts for economic recovery. Analysts at EnterpriseNGR posit that the Central Bank of Nigeria's (CBN) orthodox monetary approach has successfully reduced excess liquidity, laying the groundwork for a more predictable business environment.
Significant data points highlighted in the report include:
Inflation Management: Projections indicate a continued downward trend in inflation, targeting a mid-20% range by the end of the 2026 fiscal year, down from the peaks experienced in 2024.
GDP Growth: EnterpriseNGR forecasts a modest but steady GDP growth rate, supported by increased activity in the telecommunications, financial services, and agricultural sectors.
Foreign Direct Investment (FDI): The report notes a resurgence in interest from foreign portfolio investors, driven by the transparency of the foreign exchange market and higher yields on government securities.
Sectoral Impact: Financial and Professional Services
A central theme of the presentation was the resilience of the Financial and Professional Services sector. Chief Executive Officer of EnterpriseNGR, Ms. Obi Ibekwe, emphasised that the FPS sector remains the engine room of the economy, facilitating the capital formation necessary for infrastructure and industrial growth.
The report urges the government to continue removing structural bottlenecks that hinder the "Ease of Doing Business." It specifically identifies digital transformation and the expansion of the "Blue Economy" as untapped frontiers that could significantly bolster the national revenue base beyond traditional oil exports.
Policy Recommendations for Sustained Growth
To maintain this positive momentum, the EnterpriseNGR 2026 Outlook recommends a tighter focus on non oil revenue generation and the completion of key power and transport infrastructure projects. The report cautions that while the outlook is optimistic, external shocks such as global commodity price fluctuations or geopolitical tensions remain potential risks that require proactive hedging strategies.
The EnterpriseNGR 2026 Macroeconomic Outlook provides a cautiously optimistic assessment of Nigeria’s economic future. By forecasting a shift toward stability, the report reaffirms the importance of policy consistency in attracting long term capital. For investors and housing sector professionals, this stabilising macro environment is expected to lower the cost of capital and improve the long-term viability of large-scale infrastructure and residential development projects across the federation.
