Nigeria’s Gross Domestic Product (GDP) is expected to reach N530 trillion by the end of 2026 as economic reforms continue to yield gains across various sectors of the economy.
The country’s foreign reserves are also projected to reach the $58 billion target at the end of fourth quarter 2026.
These projections were delivered by the special adviser to the president on economic affairs, Tope Fasua, at the Lagos Chamber of Commerce and Industry’s Mid-year Economic Review and Outlook Conference.
Among other achievements recorded, Fasua stated that the nation’s tax sector had experienced a surge due to policy reforms and the digitisation of the Revenue Service.
For his part, the President of the LCCi, Leye Kupoluyi, while stating that the nation’s financial markets have sent more consistent signals in the first half of 2026, however warned that manufacturing remains the weak link whose opportunities should not be abandoned.
“History teaches us that economies do not transform in moments of comfort but in periods of challenge, when difficult choices are made, reforms are sustained, and confidence is deliberately rebuilt,” Kupoluyi said.
He said the business community needed “economic intelligence and industry insights to inform decisions and take action” amid rising uncertainty, supply chain disruptions, tariff wars, geopolitical tensions, fluctuating oil prices, and the threat of food security crises.
Kupoluyi stated that the Chamber’s advocacy would keep prioritising “the improvement of the ease of doing business and regulatory efficiency”, support for micro, small and medium enterprises, as well as the promotion of digital transformation, skills development, and innovation.
