More than half of Nigeria’s top chief executives are confident that their revenues will grow this year on the back of a stable economy that has boosted general business optimism.
“Nigeria is leading the pack in terms of CEO confidence. 56 percent are very confident about revenue growth over the next 12 months, compared to just 30 percent of CEOs across the world,” said Sam Abu, regional senior partner for PwC West Market Area and country senior partner for PwC Nigeria, during PwC & BusinessDay’s economic outlook in Lagos on Thursday.
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Abu stated that findings from PwC’s 29th global CEO survey revealed that for the first time in years, optimism is surging, with 90 percent of CEOs expecting the Nigerian economy to improve over the next 12 months, up from 64 percent last year.
That confidence is buoyed by stabilising macroeconomic conditions, including easing inflation that slowed to 15.15 percent in December after a revised methodology. The naira also strengthened last year, recording more than 7 percent gain, reversing over 40 percent loss seen in the previous year.
Foreign exchange reserves are also growing, hitting about $46 billion last year and creating enough buffers to weather external shocks.
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Nigerian-listed companies are already releasing their 2025 full-year earnings, and net income is turning positive after recording FX-related losses and turnover slowing due to weakening consumer purchasing power.
The improved sentiment comes after Nigeria implemented a series of monetary, foreign-exchange, and fiscal reforms nearly three years ago, which policymakers say have helped restore a measure of stability to an economy once riddled with volatility.
“Nigeria seems to be standing on solid ground even against the backdrop of surging uncertainty at home and globally,” Abu said.