economy
January 17, 2026
Nigeria has exited economic crisis
Nigeria’s finance minister has said inflation eased to 14.45% in November, down from 33.18% last year, and the naira has strengthened
TL;DR
- Nigeria has moved from economic stabilization to consolidation after two years of reforms.
- Reforms include removing fuel subsidies and unifying the currency exchange rate.
- These measures have led to protests due to increased cost of living.
- Inflation has reportedly eased, falling to 14.45% in November from 33.18% the previous year.
- Economic growth averaged 3.78% for the first nine months of 2025.
- External reserves increased to $45.5 billion.
- The stock market surged nearly 60% year-on-year.
- Forecasts for 2026 include 4.68% economic growth and stabilizing inflation.
- Public debt stands at 152 trillion naira, attributed to transparency and exchange-rate adjustments.
- Nigeria's debt-to-GDP ratio is 36.1%.
- An estimated 141 million Nigerians are projected to live below the poverty line in 2026.
- The government aims to lift 100 million people out of poverty by 2030.
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