The Chief Executive Officer of Lukefield Finance Company, Mrs. Omotayo Asupoto, has projected a positive outlook for Nigeria’s economy in 2026, noting that economic stability, tax reforms, and emerging opportunities will shape the business landscape.
Speaking in an interview with The PUNCH to mark Lukefield’s seventh anniversary, Asupoto said that although many Nigerians are yet to experience the full benefits of ongoing economic improvements, the fundamentals point to steady recovery. Her comments came as the nation’s inflation rate dropped for the sixth straight month to 18.02 per cent, moving closer to the government’s 15 per cent target.
“The economy is gradually gaining strength,” she said. “The naira has remained stable, inflation is easing, and interest rates that were once at record highs are now moderating. However, most Nigerians are not yet feeling the impact directly because recovery takes time.”
She explained that several key indicators are now showing encouraging signs. “Foreign exchange rates have stabilised, and investors who previously shifted to dollar assets are returning to the naira. This renewed confidence signals that the economy is moving in the right direction.”
According to Asupoto, the government’s ongoing investments in infrastructure and industrial development will further drive growth and create opportunities across various sectors. She noted that the effects of recovery are already visible in business activities, especially in the oil and gas sector, where subcontractors and service firms are experiencing increased orders and financing needs.
“At Lukefield, we’ve noticed that customers from industries that were quiet last year, like oil and gas, are now recording more transactions. This reflects renewed momentum in the real economy,” she said.
Asupoto added that the recent 0.5 per cent reduction in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria is another indicator of a healthier financial environment. “If this trend continues, we expect further declines in interest rates, which will ease borrowing costs and boost business growth. We are already adjusting our operations accordingly,” she stated.
Looking ahead, the Lukefield CEO described 2026 as a year of promise for individuals and businesses that plan ahead and remain adaptable. “The outlook for 2026 is very promising. People should approach it with enthusiasm and open minds. A lot of positive changes are coming, and those who position themselves strategically will benefit the most,” she said.
On the coming tax reforms, Asupoto emphasised that they will reshape the business environment, improve accountability, and create fresh professional opportunities. “The reforms are real, and everyone must get ready to comply. Accountability will be key next year. For those who do things properly, it will be a year of growth and prosperity,” she noted.
She added that the reforms would open up demand for tax and accounting services, creating new roles for professionals and smaller audit firms. “Many businesses will need help putting their books in order, and this will create opportunities for local firms,” she said.
Asupoto also pointed to growth in agriculture and energy, urging Nigerians to identify and position themselves within these value chains. She concluded by encouraging businesses to uphold integrity and compliance, stressing that doing things the right way will be essential for long-term success.
Lukefield Finance Company is licensed and regulated by the Central Bank of Nigeria.
