After two tough years, Nigerian startups could get macro relief
- Nigeria's economy is expected to grow by 4.4% in 2026, according to the IMF.
- The country experienced a painful adjustment phase following the removal of the fuel subsidy and a new foreign exchange regime in 2023.
- Inflation surged past 30%, and the Naira weakened significantly, impacting economic stability.
While the projected growth for Nigeria's economy is encouraging, it is essential to recognize the underlying challenges that persist. A growth rate of 4 to 5% may not adequately address the pressing issues of unemployment and poverty. Policymakers should focus on sustainable growth strategies that can lead to more significant economic improvements for the population.
