The World Bank has upgraded Nigeria’s 2026 economic growth forecast to 4.3 percent, citing improved macroeconomic stability and resilient private-sector activity. While the bank anticipates further growth of 4.4 percent in 2027 and 2028, it has issued a stern warning regarding the risks posed by election-year spending. The report highlights that intensified fiscal expenditure ahead of the 2027 elections could weaken recent reform efforts, threaten fiscal discipline, and trigger renewed inflationary pressures. Analysts emphasize that while inflation is projected to decline, the long-term sustainability of Nigeria’s recovery depends on maintaining reform momentum and shifting investment toward productivity rather than government securities.