Nigeria GDP Growth to Hit 5.02% by 2028: NISER Forecast

NISER's forecast challenges current pessimism, projecting sustained growth from 2025 onward as structural reforms take hold. The institute highlights diversification away from oil as the key engine, with agriculture, services, and manufacturing leading the charge. This shift reduces vulnerability to global oil price shocks and strengthens fiscal resilience.

Inflation is expected to decelerate to single digits by 2027, a critical milestone that would restore purchasing power and investor confidence. The central bank's tight monetary policy, combined with improved food supply chains, underpins this disinflation path. Lower inflation unlocks cheaper credit and stimulates private sector investment.

The non-oil revenue expansion is already visible in elevated VAT collections and corporate tax receipts, giving the government more fiscal space. NISER warns that sustaining this momentum requires continued infrastructure spending and anti-corruption enforcement. Failure to maintain reform pace could derail the 5.

Power Move: NISER's data gives investors a clear timeline: 2025-2028 is Nigeria's reform dividend window. Smart capital should target non-oil sectors now, as early movers will capture the most upside when inflation breaks single digits and GDP accelerates.

This article was edited with AI assistance for readability. Read original here.