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World Bank cuts Nigeria’s 2026 growth forecast to 4.1%

Nigeria’s medium-term growth outlook has been revised downward, with the World Bank trimming its 2026 GDP projection to 4.1 percent, citing persistent structural constraints and rising global uncertainties. The downgrade, contained in the April 2026 Africa Economic Update titled “Making Industrial Policy Work in Africa,” represents a cut from the 4.4 percent forecast issued in October 2025. Growth projections for 2027 were also trimmed to 4.2 percent, while output is expected to edge up slightly to 4.3 percent in 2028. [...]