Nigeria’s economy to grow by 4.7% – Edun

The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, said on Thursday the country’s economy is projected to grow 4.68 percent in 2026 as the government drives investment-led inclusive growth aimed at creating jobs and boosting citizens’ welfare.

The minister stated this in Lagos while delivering the keynote address at the launch of the Nigerian Economic Summit Group (NESG) Macroeconomic Outlook Report for 2026.

He said the growth projection aligns with the government’s medium-term goal of achieving seven percent annual growth and building a $1 trillion economy by the end of the decade.

Edun also projected average inflation at 16.5 percent and the exchange rate at about N1,400 per dollar.

“For inflation, as we have said, we need to get into simple figures. It is expected to average 16.5 per cent and the exchange rate, N1,400 per dollar,” he stated.

READ ALSO: Finance minister, Edun, reassures investors, pledges review of capital gains tax

The minister noted that the 2026 budget reflects President Bola Tinubu’s commitment to macroeconomic improvements that translate into real gains in Nigerians’ daily lives.

“It is not about the metrics or the percentages; it is about the lived experience of Nigerians in terms of electricity supply, food availability and improved welfare,” he noted.

He said the budget deficit, estimated at about four percent of Gross Domestic Product (GDP), reflected the scale of Nigeria’s development needs and the ambition to accelerate growth.

The post Nigeria’s economy to grow by 4.7% – Edun appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.