Tinubu Projects Inflation to Fall Below 10% in 2026

Tinubu Projects Inflation to Fall Below 10% in 2026
Hails NGX at N100trn
Says 2026 is expected to be a defining year for investors and the broader economy

President Bola Ahmed Tinubu has expressed confidence that Nigeria’s inflation rate will fall below 10 per cent in 2026, signalling improved living standards and stronger economic growth as the impact of ongoing reforms deepens.

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Eko Hot Blog reports that the projection was contained in a statement issued by his Special Adviser on Information and Strategy, Mr Bayo Onanuga, while commending corporate Nigeria and capital market stakeholders for pushing market capitalisation on the Nigerian Exchange (NGX) beyond the N100 trillion mark.

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According to the President, 2026 is expected to be a defining year for investors and the broader economy, driven by policy reforms that are restoring macroeconomic stability and boosting investor confidence.

Highlighting recent capital market performance, Tinubu noted that companies across multiple sectors, including manufacturing, banking, energy and telecommunications, have recorded strong growth. He attributed the trend to supply chain localisation, improved corporate governance and increased adoption of technology.

The President disclosed that Nigeria’s stock market is expected to deepen further, with more indigenous energy firms, technology companies, telecom operators and infrastructure-focused businesses preparing to access the public market to fund expansion and drive inclusive economic participation.

Tinubu Projects Inflation to Fall Below 10% in 2026

Beyond capital market gains, Tinubu stressed that economic reforms are yielding positive microeconomic outcomes, particularly in inflation management.

He said inflation, which peaked at 34.8 per cent in December 2024, had declined steadily to 14.45 per cent by November 2025, supported by tighter monetary policies, the discontinuation of deficit financing through Ways and Means, and increased investment in agriculture.

He added that the country’s current account position has strengthened significantly, posting a $16 billion surplus in 2024, with projections of $18.81 billion in 2026. Non-oil exports recorded strong growth, rising by 48 per cent by the third quarter of 2025 to N9.2 trillion, while exports to African markets increased by 97 per cent to N4.9 trillion.

Manufacturing exports also rose by 67 per cent year-on-year in the second quarter of 2025, pointing to improved industrial output and competitiveness. Nigeria’s foreign reserves have surpassed $45 billion, with expectations of crossing $50 billion in the first quarter of 2026, strengthening the Central Bank’s capacity to maintain currency stability.

President Tinubu reaffirmed that the stabilisation of the naira, improved export performance and capital market expansion collectively position 2026 as a pivotal year for economic prosperity and sustainable growth in Nigeria.