CBN Releases 2026 Outlook, Maps Growth Path

The Central Bank of Nigeria CBN, has released its 2026 economic outlook, projecting cautious growth while outlining policy priorities aimed at stabilising inflation and strengthening the economy.

In the report, the apex bank highlighted expected improvements in output driven by agriculture, manufacturing, and services, while acknowledging persistent challenges such as inflationary pressure, exchange rate volatility, and global economic uncertainty.

The CBN said its policy stance in 2026 would focus on price stability, financial system resilience, and support for productive sectors. It emphasized the need for coordinated fiscal and monetary policies to achieve sustainable growth.

According to the outlook, inflation is expected to moderate gradually, supported by tighter monetary measures and improved supply conditions. The bank also expressed optimism about increased non-oil exports and better foreign exchange inflows.

The report noted that small and medium-sized enterprises would remain a key focus, with targeted credit interventions designed to boost job creation and productivity. It also stressed the importance of banking sector stability amid evolving global financial risks.

As 2026 unfolds, the CBN’s roadmap sets the tone for economic management, offering both reassurance and a reminder of the hard choices required to keep the economy on a steady path.