The World Bank has increased its projection for Nigeria’s economic growth rate for 2026 to 4.4 percent from the 3.7 percent forecasted in June 2025.

World Bank announced the increase in its 2026 ‘Global Economic Prospects’ report on Tuesday.

The global financial institution also upgraded Nigeria’s economic growth rate for 2027 to 4.4 percent from 3.8 percent.

In addition, Bretton Woods institution estimated that Nigeria’s economy grew by 4.2 percent in 2025, compared to the 3.6 percent forecasted in June last year.

Also, the World Bank increased its 2026 global economic growth rate projection from 2.4 percent to 2.6 percent.

In the report, the financial institution also estimated 2.7 percent economic growth rate for 2025 period compared to the 2.3 percent forecasted in June last year.

According to the report, the 2027 global economic growth rate is projected at 2.7 percent, compared to the 2.6 percent forecasted in June 2025.World Bank said the global economy is proving more resilient than anticipated despite persistent trade tensions and policy uncertainty.

However, the bank noted that while global growth remains stable, it is concentrated in advanced economies and is unlikely to reduce extreme poverty, with the 2020s on track to be the weakest decade since the 1960s.

“The resilience reflects better-than-expected growth — especially in the United States, which accounts for about two-thirds of the upward revision to the forecast in 2026,” the World Bank said.