Nigeria’s 26.5% interest rate raises questions over $1 trillion GDP goal

By Boluwatife Oshadiya | May 25, 2026 Key Points Main Story Nigeria’s decision to retain its benchmark interest rate at 26.5 percent has intensified concerns over whether Africa’s largest economy can realistically achieve the Federal Government’s $1 trillion gross domestic product target by 2030. The Central Bank of Nigeria left the Monetary Policy Rate unchanged … Continue reading Nigeria’s 26.5% interest rate raises questions over $1 trillion GDP goal