Nigerian financial situation

✅ Overview of the Economy

The economy of Nigeria is improving compared with previous years, but people still face high living costs.
📍The country is growing slowly, not fast.
📍Government reforms (fuel subsidy removal, exchange-rate changes, tax reforms) are stabilizing the economy.
📍However, poverty, unemployment, and expensive food remain major problems.


✅ Economic Growth (GDP)

GDP means how much money and goods the country produces.
Nigeria’s economy grew around 3.8–4% in 2025.

Central Bank of Nigeria
For 2026, growth is expected around 4–4.6% depending on forecasts. �
CIS Nigeria +1
The International Monetary Fund (IMF) projects about 4.4% growth. �
IMF
👉 Growth is mainly driven by:
Services (banking, telecom, ICT)
Oil production
Consumer spending
⚠️ But growth is uneven — it does not improve life for everyone equally. �

✅ Inflation (Cost of Living)

Inflation means rising prices.
Inflation dropped slightly to about 15% in early 2026. �
Reuters +1
Food inflation is still a big problem for households.

👉 What this means:
Prices are still high
But they are rising slower than before
This is why many Nigerians still feel economic pressure.