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Nigeria’s investment could reach 20% of GDP in 2026

By , based on ThisDay

Nigeria’s investment could reach 20% of GDP in 2026Illustrative image · Rafael Minguet Delgado · Pexels · Licence Pexels

The International Monetary Fund forecasts total investment in Nigeria will reach 19.97% of GDP in 2026, up from 17.76% in 2025. The increase would coincide with a fiscal deficit rising to 3.30% of GDP and economic growth of 4.2% in 2026, according to the International Monetary Fund.

Total investment in Nigeria is expected to rise from 17.76% of GDP in 2025 to 19.97% in 2026, then to 20.19% in 2027, according to forecasts by the International Monetary Fund (IMF). The increase would end three years of decline, after a fall from 21.06% of GDP in 2020 to 16.78% in 2024.

The rise in investment is nevertheless expected to be accompanied by a deterioration in the fiscal balance. The public deficit would rise from 1.76% of GDP in 2025 to 3.30% in 2026, while the primary balance, excluding debt interest, would move from a surplus of 0.81% to a deficit of 0.96%, according to the IMF.

Gross public debt is nevertheless expected to fall from 36.1% to 34.6% of GDP. The IMF also forecasts real growth of 4.2% in 2026, compared with 4% in 2025, average inflation falling from 23% to 15.6%, and a current-account surplus rising from $14.04 billion to $27.20 billion.

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