Nigerian economy to hit $400bn by 2026 – Rewane

The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing the country’s gross domestic product to approximately $400bn.

He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday.

“The Nigerian economy will grow at 3.5 per cent (approximately $400bn). Nigeria is on track to becoming the second-largest economy in sub-Saharan Africa,” Rewane said.

He added that the country’s foreign exchange auction system would become more efficient, with unencumbered foreign reserves reaching $20bn.