NISER Economic Intelligence Report 2026

The Nigerian economy has experienced a period of profound transformation between 2020 and 2025, shaped by a combination of global disruptions and far-reaching domestic policy reforms. The COVID-19 pandemic triggered an economic contraction in 2020, followed by a gradual recovery that has since been accompanied by significant macroeconomic adjustments, including the removal of fuel subsidies, unification of the foreign exchange market, and aggressive monetary policy tightening.

Against this backdrop, the need for timely, data-driven economic intelligence has become increasingly critical for informed decision-making by policymakers, investors, and development practitioners. This report, prepared by the Nigerian Institute of Social and Economic Research (NISER), responds to this need by providing a comprehensive and integrated assessment of Nigeria’s economic performance and outlook.

The report adopts a four-layer analytical framework—Macro, Meso, Micro, and Valuation—to systematically examine the economy. At the macro level, it evaluates growth, inflation, exchange rate dynamics, and monetary policy. At the meso level, it analyses sectoral performance and structural transformation. At the micro level, it assesses firm-level performance across the Nigerian Exchange (NGX) 30 Index. Finally, the valuation layer integrates these insights to generate investment recommendations and strategic opportunity mapping.

By combining macroeconomic diagnostics with sectoral and firm-level intelligence, the report provides a holistic perspective on Nigeria’s economic trajectory, highlighting both emerging risks and investment opportunities. It also offers actionable policy recommendations across monetary, fiscal, and structural domains to support sustainable and inclusive growth.