The World Bank has retained Nigeria’s economic growth forecast at 4.4 percent for 2027, signaling sustained optimism about the country’s medium-term outlook despite lingering structural challenges.

This is according to the World Bank’s Global Economic Prospects report released in January 2026.

According to the report, this expansion will be driven primarily by sustained growth in the services sector, a rebound in agricultural production, and a modest acceleration in non-oil industrial activities.

The Bank added that continued expansion in services and improved agricultural output would remain the key pillars supporting economic performance over the forecast period.

The World Bank noted that ongoing economic reforms—particularly within the tax system—combined with prudent monetary policy, are expected to support economic activity and strengthen macroeconomic stability.

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