Experts warn of slow investment as elections approach
Renowned economic analyst Bismarck Rewane and the Association of Corporate Treasurers of Nigeria (ACTN) have highlighted concerns over subdued investment activity as Nigeria heads toward its next general elections. At the ACTN Economic Outlook 2026 event in Lagos, they projected a cautious economic outlook for the country. Rewane noted that while macroeconomic stability may improve, it is unlikely to spur aggressive investments in the near term. ACTN President Yinka Ogunnubi also pointed to recent improvements in foreign exchange stability, but urged treasurers to remain vigilant.
TLDR
- Bismarck Rewane forecasts that monetary policy will remain cautious, with only modest interest rate cuts expected.
- Investment activity is likely to stay subdued ahead of the elections, with no major investment decisions anticipated in 2026.
- Key risks flagged include policy reversals, oil supply shocks, fiscal slippages, and a resurgence in food inflation.
- Yinka Ogunnubi said recent FX stability has reduced corporate exchange losses and improved profitability for many companies.
- Despite improvements, both experts stress the need for cautious optimism as economic and political uncertainties persist.
