NBCC Economic Outlook 2026: Policy Reforms, Market Stability and Housing Take Centre Stage in Lagos
By Momentous Media
The Nigerian British Chamber of Commerce (NBCC) on Thursday, January 22, 2026, convened its highly anticipated Economic Outlook 2026 at the NBCC Plaza, Olubunmi Owa Street, Lekki Phase 1, Lagos, bringing together policymakers, business leaders, and private sector stakeholders to examine Nigeria’s economic trajectory as the country moves deeper into 2026.
The event, organized by the Nigerian British Chamber of Commerce and covered by Momentous Media, provided a platform for robust discussions on macroeconomic reforms, policy effectiveness, business confidence, and sector-specific opportunities—particularly in finance and real estate.
Cautious Optimism Anchored on Reforms and Stability
Speaking during an interview session at the event, Prince Bimbo Olasore, President of the Nigerian British Chamber of Commerce, offered a measured but optimistic assessment of Nigeria’s economic direction, crediting recent policy reforms for laying a foundation for sustainable growth.
Responding to questions on how current government policies are translating into real economic gains for businesses, Prince Olasore highlighted the impact of reforms implemented between 2023 and 2025, noting that their effects are now becoming visible.
“We are quite lucky from what we’ve seen in 2025. Some of the very tough positions taken in 2023 and 2024 — particularly the harmonisation of the exchange rate and the removal of fuel subsidy came with initial pain, but they are now translating into positive outcomes,” he said.
According to him, early indicators such as easing inflation, improving exchange rate stability, and moderating interest rates have given the private sector renewed confidence.
“For the first time in a long while, we are appreciating value at the beginning of the year. Inflation is falling, interest rates are beginning to ease, and that gives us a basis for optimism,” Olasore added.
However, he stressed that macroeconomic gains must be felt at the household level to sustain public confidence.
“The real question now is how these macro-level policies translate to everyday life. Many Nigerians are still experiencing high prices. Until inflation drops to single digits, most people will not fully feel comfortable that the economy is truly improving.”
Tax Reforms, Public Awareness and Growth Prospects
Prince Olasore also addressed the newly introduced tax reforms, describing them as critical to economic restructuring but warning of widespread misconceptions among the public.
“The tax law is now in place, but there is a need for much more education. A lot of people are misinterpreting it, and without popular buy-in, taxation is never easy,” he noted.
Looking ahead to 2026, he urged consistency in reform implementation and a renewed effort to promote Nigeria as an investment destination.
“We must sustain the good news and keep promoting Nigeria. Nigerians themselves have been very sceptical, but with growth figures now exceeding 4 percent and projections pointing to similar performance this year, we clearly have the basis to be optimistic.”
Interest Rates Identified as Key Economic Indicator
Another key perspective was provided by Mr. Tajudeen, Chairman of the Programmes Committee and one of the organisers of the Economic Outlook event, who identified interest rates as the most critical indicator Nigeria must manage closely in the coming years.
“There are three major indicators—the interest rate, inflation rate, and exchange rate. Among them, interest rate is the most important because it directly drives productivity,” he explained.
Mr. Tajudeen warned that excessively high interest rates could stifle business growth, especially in productive sectors dependent on credit.
“If interest rates are 35 or even 40 percent in certain sectors, productivity becomes impossible. Profit margins take a massive hit, and businesses simply cannot grow.”
He also drew attention to potential pressures ahead of the next general election cycle, historically associated with increased spending and economic distortions.
“The penultimate year before elections usually comes with heightened spending. This could challenge interest rate management, but overall, the reforms of the past few years suggest we may be on a good run, if managed carefully.”
NBCC Honours Adron Homes and Properties Limited
A major highlight of the event was the presentation of an award by the Nigerian British Chamber of Commerce to Adron Homes and Properties Limited, in recognition of the company’s contributions to Nigeria’s real estate sector.
Receiving the award, Mrs. Adenike Ajobo, Group Managing Director of Adron Homes and Properties, expressed appreciation to NBCC for acknowledging the company’s performance.
“We are happy and grateful. Adron Homes is not a stranger to Nigerians at home and in the diaspora. This award is an appreciation of our excellence, and we sincerely thank NBCC for recognising our work,” she said.
Affordability and Trust as Core Values
Addressing concerns around rising property prices and accessibility, Mrs. Ajobo reaffirmed Adron Homes’ commitment to affordability and reliability.
“Affordability is our core value. Adron stands for being dependable, reliable, and offering properties at affordable rates. That is our DNA, and that is what we promise our clients.”
She emphasized that the company remains focused on delivering value across housing, land ownership, infrastructure, and even agriculture, while maintaining trust with its growing customer base.
“We keep our promises. Our clients should keep trusting us, we are here for them and we will not disappoint.”
Call for Supportive Government Policies
On expectations from government, Mrs. Ajobo called for policies that enable private developers to support Nigeria’s housing needs.
“We only ask for supportive and favourable policies. When policies are being made, the government should remember that there are brands positioned to support the masses in housing and shelter. With the right policies, we will continue to deliver.”
She reiterated Adron Homes’ readiness to partner with government efforts and contribute meaningfully to national development.
Breaking New Grounds in 2026
Concluding her remarks, Mrs. Ajobo outlined Adron Homes’ vision for the year ahead, describing 2026 as a year of expansion and innovation.
“We are breaking new grounds, new estates, new terraces, new products. We are positioned to deliver across Nigeria and beyond. We love our clients, and we will continue to deliver powerfully. That is what we are known for.”
A Platform for Confidence and Collaboration
The NBCC Economic Outlook 2026 reaffirmed the Chamber’s role as a bridge between policy and enterprise, highlighting both the progress made and the work still required to ensure inclusive economic growth. With cautious optimism, strong reform signals, and private sector engagement, stakeholders left the event with renewed confidence in Nigeria’s economic prospects for 2026 and beyond.
About Author
