Feature/OPED
Nigeria’s N58.18trn Budget and Rising Cost of Deficit Governance
By Blaise Udunze
When President Bola Tinubu presented the N58.18 trillion 2026 Appropriation Bill to the National Assembly, unbeknownst to some, it opened with a contradiction that should unsettle even its most optimistic readers. It is an irony that a budget promises consolidation, renewed resilience, and shared prosperity, at the same time, it is built on a deficit of N23.85 trillion, as the largest budget in the nation’s history, equivalent to 4.28 percent of GDP, financed largely through borrowing, and debt servicing alone will consume N15.52 trillion, nearly half of the projected revenue. What a contradiction! The reality today is that Nigeria is borrowing not primarily to expand productive capacity or unlock long-term growth, but to keep the machinery of the state running. Salaries, overheads, inherited liabilities, and interest payments increasingly define the purpose of new debt. Capital formation, though loudly advertised, struggles to keep pace with fiscal reality. This raises a fundamental and unavoidable question. How sustainable is a fiscal model where debt service crowds out development spending year after year? Until this question is convincingly answered, no amount of reform rhetoric can restore confidence in Nigeria’s budgeting process.
A Nation Drowning in Deficits and Debt
The problem with the deficit is that it is not a number by itself. It shows that there are problems with the way things are set up. By the middle of 2025, Nigeria owed a lot of money, N152.4 trillion, which represented about a 348.6 percent increase following the assumption of President Bola Tinubu into office in 2023. Before he assumed office, the country owed N33.3 trillion, and this is a country that was already having trouble paying for basic things it needed to.
Reflecting on Nigeria’s predicament, it mirrors a wider African crisis. Reviewing the occurrences across the continent of Africa, external debt now surpassed $1.3 trillion, while the debt servicing costs are estimated at $89 billion this year alone. Nigeria’s case is unique not because of the amount of debt, but because of its poor productive return. The lingering challenge is that Nigeria’s borrowing has skyrocketed, yet the economy remains conspicuously faced with fragile infrastructure. The fiscal irony is stark that Nigeria is borrowing to survive, not to thrive.
A Deficit-Fuelled Budget and the Rising Cost of Survival
Deficits can be useful tools when deployed strategically. But Nigeria’s deficits have become structural, persistent, and increasingly divorced from growth outcomes. The N23.85 trillion deficit in the 2026 budget represents a dramatic escalation from the N11-N12 trillion range of recent years. Analysts warn that this is no longer a counter-cyclical policy; it is a sign of fiscal stress. Tilewa Adebajo, Chief Executive Officer of CFG Advisory, describes Nigeria’s fiscal space as “the biggest threat to our economic recovery.” According to him, the country continues to expand its budget despite failing to meet revenue targets. “We cannot have a N23 trillion deficit, that’s not sustainable,” he warned, noting that deficits have doubled in just a few years. More troubling is what the deficit implies. With N15.52 trillion earmarked for debt servicing, nearly half of the projected revenue is already spoken for before development spending begins. Some estimates suggest that over 25 percent of Nigeria’s annual revenue now goes directly into debt servicing, and in certain months, the ratio rises far higher. Experts warn that when over 90 percent of revenue is consumed by old debts, governance becomes an exercise in survival rather than progress. This is the fiscal corner Nigeria is steadily backing itself into.
Borrowing to Run Government, Not to Build the Economy
Between July and October 2025 alone, Nigeria secured over $24.79 billion in new borrowings, alongside €4 billion, ¥15 billion, N757 billion, $500 million in sukuk, and other facilities, most justified as “development financing.” Yet the real sector continues to wait for a tangible impact. The African Democratic Congress (ADC) argues that a budget planning to generate N34 trillion in revenue while borrowing nearly N24 trillion amounts to an admission of fiscal insolvency. A deficit-to-revenue ratio approaching 70 percent, it insists, would be unacceptable in any functional fiscal system. While opposition language is often sharp, the underlying concern is valid. Borrowing makes economic sense only when it finances self-liquidating projects like investments that generate revenue to repay the loans. Instead, Nigeria increasingly borrows to service past debts and plug recurrent expenditure gaps. Uche Uwaleke, Professor of Finance and Capital Markets at Nasarawa State University, underscores the danger: “Nigeria’s debt service ratio is inimical to economic development, chiefly because what could have been used to build infrastructure and invest in human capital is used to service debt. The opportunity cost for the country is high.” In effect, debt has shifted from a development instrument to a fiscal life support system.
Revenue Projections Caught Between Reform Ambition and Structural Limits
The Nigerian government projected N34.33 trillion in revenue for 2026, which is squarely anchored on improved oil output, non-oil tax reforms, and digitised revenue mobilisation across Government-Owned Enterprises (GOEs). To actualize its target, President Tinubu vowed to clamp down on leakages, enforce performance targets, and deploy real-time monitoring systems. Though these reforms are necessary. The question is whether they are sufficient and timely. Recent performance suggests caution. As at Q3 2025, only 61 percent of revenue targets had been achieved. Capital releases lagged sharply, and comprehensive implementation reports have not been published. Ayokunle Olubunmi, Head of Financial Institutions Ratings at Agusto & Co., expressed doubts about the credibility of the projections, citing weak performance in 2024 and 2025. “We don’t even know how many budgets we are implementing now,” Olubunmi observed, pointing to overlapping cycles and missing reports. The ADC goes further, describing revenue projections as detached from reality, while noting that revenue growth in 2024 was largely driven by currency devaluation, not structural expansion, before being doubled for 2025 and increased again for 2026. Nominal gains, it argues, are being mistaken for real fiscal strength. Without deep structural reforms, reliable power, export diversification, and productivity growth, revenue expansion risks remaining inflationary and fragile, unable to support the scale of spending proposed.
Budget Execution and the Credibility Gap
President Tinubu has declared 2026 a turning point. He promised an end to overlapping budgets, abandoned projects, and perpetual rollovers. All prior capital liabilities, he said, will be closed by March 31, 2026, ushering in a single budget cycle. Yet Nigeria’s execution record invites skepticism. The Coalition of United Opposition Political Parties (CUPP) points out that no comprehensive 2025 budget implementation report has been published, the first such lapse in 15 years. Quarterly performance reports, once routine, have been withheld, violating fiscal responsibility norms. “How can a new budget be proposed when the performance of the current one remains unknown?” CUPP asked. Execution failure is not cosmetic; it is costly. Projects stall, costs balloon, and borrowed funds yield no returns. Without transparency and enforcement, discipline risks becoming a slogan rather than a system.
Capital Spending vs the Persistent Cost of Governance
The N26.08 trillion allocated to capital expenditure is one of the budget’s most advertised strengths, with infrastructure, agriculture, education, and health featuring prominently. Yet Nigeria’s history cautions against equating allocations with outcomes. Recurrent non-debt expenditure remains high at N15.25 trillion, reflecting a governance structure that consumes significant resources. Ministries, departments, agencies, and political overheads continue to limit fiscal space. Mr. Idakolo Gbolade of SD&D Capital Management acknowledges the budget’s ambition but warns that over 70 percent of capital expenditure may be carried over into 2026. This suggests that implementation bottlenecks remain unresolved. Borrowing to fund capital projects that are delayed or abandoned compounds fiscal inefficiency. Nigeria risks paying interest on infrastructure that exists only on paper. Until the cost of governance is structurally reduced, capital spending will struggle to deliver transformative impact, regardless of headline figures.
Security Spending at Scale, But Lacking Clarity
Security receives the largest sectoral allocation, N5.41 trillion, alongside a new national counterterrorism doctrine targeting all armed non-state actors. The administration argues, correctly, that without security, investment cannot thrive. On the contrary, Nigeria’s experience shows that security spending does not automatically translate into security outcomes. Over the years, allocations have risen while insecurity persists across multiple regions. The challenge is not merely funding, but accountability, coordination, and effectiveness. Without transparency in procurement and deployment, security budgets risk becoming opaque sinks for public funds, undermining the very growth assumptions embedded in the budget.
Shared Prosperity Under Pressure
Though the budget promises shared prosperity, citing allocations of N3.52 trillion for education and N2.48 trillion for health, alongside agricultural and infrastructure investments, and with the National Bureau of Statistics announcement that inflation has moderated, and growth has improved modestly. Yet for ordinary Nigerians, relief remains elusive. Food prices are high, transport costs elevated, and real incomes squeezed. Social sector spending still struggles to keep pace with population growth. Shared prosperity cannot remain an aspiration deferred to the future. It must translate into jobs, affordable food, functioning schools, accessible healthcare, and rising real incomes.
Borrowing Without Beneficiaries
At the 2025 IMF and World Bank Annual Meetings in Washington, D.C., global leaders again pledged to address developing countries’ debt burdens. But as Nigeria continues to issue Eurobonds, sukuk, and bilateral loans, a simple question demands attention: who benefits from all this borrowing? If the answer is not citizens, businesses, and future generations, then the debt is not development finance; it is deferred hardship.
When Deficits Become Destiny
The 2026 budget reflects an administration aware of Nigeria’s fiscal dysfunctions and eager to correct them. The language of discipline, digitisation, and delivery signals intent. But credibility is not declared; it is earned. A deficit-driven budget that leans heavily on borrowing, struggles with revenue realism, and carries unresolved execution gaps places Nigeria on a narrow fiscal path. If borrowing is decisively tied to self-liquidating projects, transparency restored, and governance costs reduced, the budget could mark a turning point. If not, it risks confirming a grim truth as Nigeria is financing today by mortgaging tomorrow. Until debt stops crowding out development and revenue begins to fund governance rather than merely service it, deficits will no longer be temporary tools. They will become destiny.
Blaise, a journalist and PR professional, writes from Lagos and can be reached via: [email protected]
Feature/OPED
Nigeria 2025: Successful NUGA, No Fuel Queues and Some Good Things
By Prince Charles Dickson, Ph.D.
We once woke up to a brand-new Toyota Camry in our estate; the type they called Muscle. It belonged to the chairman of our residents’ association, a policeman posted to Bwari Area Council. Everyone knew his salary could not muscle that muscle. From that morning, murmurs replaced greetings. It was not envy; it was arithmetic.
Our transformer was dying. AEDC ignored us with the indifference of only perfect monopolies. We agreed to tax ourselves. N5 million for a replacement in 2017. To “simplify,” we paid directly to the chairman. While contributions trickled in, the chairman’s car announced itself daily; bass turned up, windows down, confidence loud. Two weeks later, when we asked for an update, he said nearly ₦3 million had been forwarded to the seller. Someone called the seller on speaker. He had received nothing.
Chaos followed. Then a young man—barely 21—raised his hand. He asked one question: How did you decide who should keep the community’s money? Why a police officer? We chased him out for rudeness. After all, not all policemen steal. True. But sometimes, a question is less about accusing a profession and more about interrogating a system.
Nigeria in 2025 felt like that meeting. Loud, contradictory, uncomfortable and oddly revealing.
It is 2025. Against a backdrop of insecurity that tried to become our national anthem, some things went right. In the city of Jos, at the University of Jos, the Nigerian Universities Games (NUGA) was hosted with over ninety universities participating. For Nigeria, that alone is news. For Jos, often reduced to headlines of grief, it was a statement. No kidnappings. No mass casualties. No “unfortunate incidents.” Kudos to the Vice-Chancellor and a team that chose competence over theatrics. When institutions work, miracles become boring.
Food prices came down too, almost a first in recent memory. Tomatoes softened. Rice exhaled. Pepper behaved. And yet, purchasing power also dropped. Cheap food, no money. The stalls were full; wallets were empty. We have screamed about food security for years, blaming insecurity for scarcity. In 2025, the food was there. The money was not. Like the young lad’s question, the wisdom was weird: abundance without access; stability without prosperity. A country can fill markets and still starve its people.
Then there was fuel, our December tradition of queues and curses. For once, there were none. Just money and motion. You drove in, paid, drove out. If you are not Nigerian, you will miss the poetry here. Fuel queues are our annual rite, the proof of belonging. This year, the ritual failed to show up. We didn’t protest; we suspected a trick. But December passed, and petrol behaved. A small mercy, perhaps, but in Nigeria small mercies keep marriages intact.
Security incidents; bombs, kidnappings, and banditry did not vanish, but they softened. Not gone; just quieter. I will avoid the politics around the U.S. Christmas hit in Sokoto. Nigeria does not lack analysts; it lacks listeners. Let us say only this: when violence pauses, even briefly, it exposes what peace could look like if we were serious.
Politically, the year tilted toward déjà vu. Like the Olusegun Obasanjo era, we drifted toward a one-party atmosphere. Many joined the All Progressives Congress. We shouted “one-party state!” but refused to ask why opposition parties offered no alternatives beyond press statements. Blame is a lazy currency; accountability is harder. Parties do not win by default; opponents lose by negligence.
In parts of the North, voices of criticism returned after the hush of the Muhammadu Buhari years. Yet collective action lagged. Power visited, but productivity did not. We had moments, appointments, platforms, access—but failed to translate them into outcomes for the people who lent us their hopes. Criticism is not courage if it does not organize itself into service.
The country remained divided as ethnic lines drawn in permanent ink, religious fault lines widened by opportunists. And yes, the matter of Nnamdi Kanu found a new rhetorical address in Sokoto, as if relocating arguments could resolve grievances. Nigeria loves to move problems around and call it progress.
So, was 2025 good or bad? Pick your choice. Like our estate meeting, both truths sat in the same room. The chairman’s car was loud; the transformer was broken. We were angry at the theft but offended by the question. We defended integrity in theory while ignoring process in practice.
Here is the metaphor we keep missing: corruption is not only about bad people; it is about bad systems that concentrate trust without checks. We did not give the money to a policeman because policemen steal. We gave it to one person because we confuse authority with accountability. Nigeria does this often. We centralize trust, then feign shock when it leaks.
2025 showed us flashes of competence; events secured, queues gone, food available. It also showed us the hollowness beneath: thin wallets, brittle unity, lazy opposition, relocated grievances. Good things happened. Bad things too. The lesson is not to deny either, but to learn how to hold money together without worshipping the custodian; how to celebrate fuel without forgetting income; how to host games without postponing justice.
It was the year we collected all kinds of loans, and not exactly sure if we can say same of littered infrastructures, we spent more on aesthetics than the real deal
The young man’s question still echoes. It was not an insult; it was an audit. Nigeria needs more audits—of systems, not just souls. Less bass from the car, more balance in the books. If we can do that, perhaps the next transformer will hum, and the next December will be boring in the best possible way—and may Nigeria win.
Feature/OPED
Access Bank and the Rebirth of the National Theatre: Revitalising Nigeria’s Cultural Future
When the National Theatre Lagos first opened ahead of FESTAC ’77, an architectural marvel,a symbol of the cultural soul of a nation ready to introduce its artistic brilliance to the world. Modelled after the Varna Palace of Culture and Sports in Bulgaria and constructed between 1973 and 1976, the National Theatre was designed as an emblem of Nigeria’s ambition to be Africa’s cultural capital. Its 5,000-seat main hall, festival arena, exhibition spaces, and state-of-the-art acoustics made it one of the most sophisticated performance complexes on the continent.
Throughout the 1970s and 1980s, the Theatre became home to Nigeria’s most iconic productions, from Hubert Ogunde’s epic plays to international dance festivals, orchestral performances, film premieres, and global conferences. It was a beacon for African creativity, a place where culture, identity, music, and storytelling came alive. But by the early 2000s, the Theatre, though heavy with cultural memory, had fallen into disrepair. Years of inadequate maintenance, stalled concession agreements, and structural depreciation left the building struggling to meet modern technical and creative demands. The symbol of national pride had become a shadow of its past promise.
Recognising the scale of cultural loss and the opportunity embedded within it, the Bankers’ Committee, with Access Bank playing a pivotal role, initiated the largest cultural infrastructure revitalisation project in contemporary Nigeria. The decision was both strategic and patriotic: Nigeria’s creative industry, now contributing significantly to GDP through film, fashion, music, design, cultural tourism, and digital content, urgently needed a modern, centralised hub that could support global-standard production and creative entrepreneurship. Reviving the National Theatre would not only restore a national icon but also stimulate job creation, attract international collaborations, and reposition Lagos as a premier African creative economy hub.
The renewal of the National Theatre is therefore more than a restoration project; it is anecessary economic intervention, a cultural renaissance, and a visionary step toward building a more inclusive and future-ready Nigeria. And for Access Bank, supporting this transformation is a natural continuation of a long, deliberate commitment to art, culture, and creative empowerment.
Access Bank’s Legacy of Championing the Creative Economy
Well before Nigeria’s creative industry gained global recognition, Access Bank had positioned itself as a cultural investor and ecosystem builder. For over a decade, the Bank has supported transformational initiatives across music, visual arts, fashion, film, sustainability, and youth development.
Access Bank has helped spotlight emerging and established African artists on a global stage through partnerships and collaborations with platforms like ART X. The annual fair, now one of Africa’s most influential contemporary art events, has benefitted immensely from the Bank’s commitment to nurturing young talent, commissioning bold projects, and providing a meeting point for creators, collectors, and global art enthusiasts.
In film and entertainment, Access Bank has backed festivals, documentaries, youth-focused storytelling, and creative incubators, recognising that Nigeria’s cultural exports are among its most powerful global assets. Across literature, community theatre, design, and public art, the Access brand remains synonymous with innovation, creativity, and cultural elevation. The revival of the National Theatre is thus an extension of this commitment.
A Cultural Renaissance Rooted in National Development
The National Theatre project is designed as a two-phase undertaking. Phase One, already significantly advanced, focuses on restoring the original theatre structure. This includes upgrading the main stage, cinema halls, exhibition spaces, lighting systems, acoustics, seating, ventilation, and accessibility infrastructure. The goal is to return the iconic building to world-class functionality while preserving its historic architecture.
Phase Two introduces a modern Creative Industries Park, a multi-purpose development designed to house film production studios, music recording labs, fashion houses, IT and gaming centers, photography studios, coworking spaces, and training academies. This innovation hub is expected to host thousands of young creators annually, enabling them to produce, learn, collaborate, and scale ideas into globally competitive businesses.
With Access Bank’s involvement through the Bankers’ Committee, the project has attracted international partnerships, institutional investors, technical specialists, and creative collaborators. It is poised to become one of the most significant cultural and economic catalysts in West Africa.
In a world where creative exports have become a major source of national influence, from Nollywood films to Afrobeats, digital arts to global fashion, infrastructure is destiny. Nigeria’s young creators generate some of the world’s most consumed cultural content, yet the ecosystem has lacked the physical and institutional support systems needed to harness that potential fully.
The revitalised National Theatre is therefore a launchpad for Nigeria’s next creative era.
With Access Bank’s long-standing commitment to empowering Africa’s creative industries, the revival blends heritage with innovation, history with ambition, and art with economic development.
From art fairs to creative hubs, sustainability initiatives to youth empowerment, Access Bank continues to champion platforms that inspire, educate, and elevate communities across the country.
By supporting the transformation of the National Theatre, the Bank has once again placed itself at the heart of Nigeria’s cultural renewal, bridging past and future, preserving heritage, and building an ecosystem where creativity can thrive without limits.
Feature/OPED
Navigating Nigeria’s $1 Trillion Roadmap: Growth Indexes and PR Intelligence That Define Success in 2026
By Nosa Iyamu
As we navigate the threshold of 2026, the Nigerian economic landscape is finally shedding the “survivalist” skin that defined the previous two years. The data from 2025 paints a compelling picture of a nation pivoting toward stability. Headline inflation, which sat at a staggering 34.8% in December 2024, underwent a significant decline through 2025, cooling to 14.45% by November. This disinflationary trend, paired with economic reforms such as the Nigerian Electricity Regulatory Commission’s (NERC) aggressive reforms and strategic shifts in the Oil and Gas sector, has effectively reopened the floodgates for Foreign Direct Investment (FDI). The narrative has shifted from a desperate scramble for survival to a strategic quest for sustainability. Investors who were once hesitant are now looking at Nigeria not as a volatility risk, but as a market undergoing profound structural re-engineering. This transition is marked by a renewed focus on transparency and a commitment to market-driven policies that reward institutional resilience and long-term planning.
Building on the stability achieved last year, 2026 is projected to be a period of “Growth Consolidation.” With GDP expansion forecasted between 4.1% and 4.2% and headline inflation expected to settle into a manageable range of 12.5% to 20%, the mandate for brands should shift. It is no longer about merely surviving the storm of volatility; it is about scaling within high-impact corridors that have been cleared by these macroeconomic reforms. Strategic opportunities are ripening in four key sectors: Energy, driven by the Electricity Act 2023 and NERC’s cost-reflective market reforms; Healthcare, anchored by the landmark $5.1B Bilateral MOU between the U.S. and Nigeria; Financial Services, fueled by post-recapitalization lending power; and the Digital Economy, accelerated by the 5G rollout and the maturity of social commerce. Brands playing in these spaces and other industries must recognize that the consumer of 2026 is more discerning, having been refined by the economic hardships of the past, and will only reward businesses that offer clear value and authentic connection.
Perhaps the most pivotal anchor for 2026 is that $2 billion bilateral health Memorandum of Understanding (MOU) signed between the U.S. and Nigeria. This five-year agreement, which began its full implementation cycle in early 2026, is far more than a healthcare play; it is a massive economic stimulus and a resounding vote of global confidence in Nigeria’s institutional reforms. It signals that Nigeria is ready for high-level international cooperation and that the groundwork for a stable, productive economy is being laid. As we march toward the ambitious goal of a $1 trillion economy by 2030, visibility is no longer the endgame for any serious brand. To survive and thrive during this transition from subsistence to high productivity, brands must be deeply understood. It is about moving from the “top of mind” awareness to “top of heart” resonance, where the brand’s purpose aligns with the aspirations of a nation on the move.
In the fast-evolving communications landscape of 2026, visibility has become a cheap commodity, but clarity is a premium asset. The Public Relations industry has officially entered the era of Narrative Intelligence. Traditional Search Engine Optimization (SEO) is being rapidly superseded by Generative Engine Optimization (GEO). As consumers increasingly rely on AI agents and large language models (LLMs) rather than scrolling through pages of search results, brands must ensure they aren’t just “present” on the web—they must be cited as authoritative, credible voices by AI models. This requires a shift from keyword stuffing to high-context storytelling and data-backed authority. If an AI agent cannot summarize your brand’s value proposition accurately in two sentences, you are effectively invisible to the next generation of digital consumers. Narrative Intelligence is about ensuring your brand’s story is coherent, consistent, and machine-readable across all digital touchpoints.
However, this AI-driven world brings a darker side – the proliferation of Deepfakes and hyper-realistic misinformation. As the 2027 political cycle begins to warm up in late 2026, the Nigerian digital space could become a minefield of synthetic media designed to manipulate public opinion. For brands, this represents a significant reputational risk. PR professionals must now act as “Narrative Bodyguards,” deploying advanced AI detection tools to monitor, detect, and neutralize synthetic media before it erodes brand equity. Authenticity is no longer a buzzword or a marketing slogan; it is a defensive necessity. Brands must lean into “Responsible Communication,” ensuring that every piece of content is verifiable and that their response mechanisms for crisis management are faster than the speed of a viral deepfake. Trust, once lost in this high-speed environment, is nearly impossible to regain.
The era of the “Press Release for the sake of it” is officially dead. In 2026, Nigerian boardrooms are demanding a direct, quantifiable line between PR activity and business impact. This marks the definitive death of vanity metrics. Success is no longer measured by the thickness of a press clipping file or the number of generic “likes” on a social media post. Instead, we are seeing a shift from volume to impact, where the primary KPIs are how a campaign drives customer acquisition, increases investor interest, or improves employee retention. Measurement has shifted focus to quality over quantity; it is about the sentiment of the conversation and the conversion rate of the audience. If your PR strategy does not move the needle on the set measurable objectives, it is considered mere noise. PR is now a performance-driven discipline, integrated deeply into the sales and growth funnels of the modern Nigerian enterprise.
The age of the N100 million celebrity brand ambassador is also rapidly fading. Battle-hardened by years of economic shifts and broken promises, Nigerian consumers are increasingly skeptical of high-gloss, low-substance celebrity endorsements. In 2025, the Creator Economy has professionalized and matured. We will see the ascendancy of Niche Creators—the personal finance expert on TikTok, the sustainable farmer on YouTube, or the tech-policy analyst on Instagram. These voices offer what traditional celebrities cannot: community, deep credibility, and a mastery of their craft. Brands in 2026 will pivot toward long-term “Responsible Communication” partnerships with these creators who speak the hyper-local language of their audience. The “next big creator” is no longer a movie star; they are a subject matter expert with a loyal, high-intent community that values authentic insight over superficial fame.
While we must continue to support and prioritize independent media platforms to maintain democratic health, the reality is that traditional newsrooms continue to shrink under the weight of digital disruption. In response, savvy brands are increasingly becoming their own media houses. “Owned Media”—newsletters, podcasts, proprietary research reports, and custom-built community platforms—is the new frontier for brand storytelling. By owning the platform, brands can ensure their story is not diluted or lost in the noise of a fragmented media landscape. This allows for Direct Empathy, speaking to the consumer’s daily reality without a third-party filter. It provides Narrative Control, which is essential in an era of deepfakes, and grants Data Ownership, allowing brands to deeply understand who is engaging with their story and why. Owned media is the bridge that moves a brand from being seen to being truly understood and must be a strategy for 2026.
The 2026 landscape is a high-stakes arena of immense complexity and opportunity. With the active involvement of global powers like China, Russia, and the USA in trade and commerce, and a renewed national commitment to fighting insecurity to protect the $1 trillion goal, Nigeria is a land of profound transformation. But for a brand to capture this opportunity, it must move beyond the surface-level metrics of the past. Brands must empathize through genuine partnerships, drive cross-sector collaboration, and tell stories that resonate with the Nigerian spirit of resilience. The verdict for the year is clear: Trust is the new currency. In a world of AI-generated noise and economic restructuring, the brands that win will be those that have spent the time to build a foundation of understanding. The mandate for 2026 is simple: Don’t just show up. Ensure your audience knows exactly who you are, what you stand for, and why you are essential to their future.
Nosa Iyamu is the CEO of IVI PR
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