President Bola Ahmed Tinubu has projected that inflation in Nigeria will fall below 10 per cent this year, promising improved living standards and accelerated GDP growth. “Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” said Bayo Onanuga, Special Adviser to the President on Information and Strategy.
Onanuga also praised corporate Nigeria and other stakeholders for surpassing the N100 trillion market capitalisation on the Nigerian Exchange (NGX), which closed at N101.80 trillion on Monday. President Tinubu described this milestone as an inspiration for investors and urged Nigerians to deepen their participation in the local economy.
While many global markets struggled in 2025, the NGX All-Share Index rose 51.19%, outperforming the S&P 500, FTSE 100, and many emerging-market peers in the BRICS+ group. Onanuga said Nigeria is now a compelling destination for investment, with strong performances across sectors from industrial giants to resilient banks.
Regarding inflation, Tinubu’s projection contrasts with the Central Bank of Nigeria’s forecast of 12.9% for 2026. Onanuga noted that monetary tightening, removal of distortionary financing, and investments in agriculture have steadily reduced inflation from a 24-month high of 34.8% in December 2024 to 14.45% by November 2025, with expectations of reaching below 10% by year-end.
The President also highlighted improvements in the nation’s current account, projected to rise to $18.81 billion in 2026, and a surge in non-oil exports, which rose 48% in the first nine months of 2025. Foreign reserves have crossed $45 billion, and infrastructure developments including rail expansions, road construction, and port revitalisation signal a growing and more stable economy.
