Nigeria opens consultation on draft economic policy framework

Nigeria's public consultation on a proposed economic policy framework opens on 26 October and closes on 27 November 2026, according to the Finance Ministry's consultation document. The ministry's resource page is dated 24 October. The document explicitly states that the framework remains a draft, not approved government policy.

The consultation invites responses to 17 questions from citizens, businesses and other stakeholders. Its purpose is to establish principles and decision rules that could guide economic policymaking across successive administrations.

One proposal would require a Policy Impact Statement for major economic interventions. This would examine the evidence, options, fiscal and distributional effects, business implications, implementation risks and arrangements for review or exit. Another proposes quarterly reporting and an annual National Economic Scorecard.

The draft timetable envisages presentation to the Federal Executive Council for approval and the National Economic Council for endorsement in December 2026–January 2027. Those are planned steps, not approvals already secured.

What changes now

The immediate development is an opportunity to comment, rather than a new tax, tariff or interest-rate decision. Readers can access the questions and response instructions through the ministry's linked consultation materials.

FXRates.ng's interpretation is that clearer decision rules could make policy changes easier for businesses to assess. Whether that improves predictability will depend on the final text, adoption and implementation, not the consultation announcement alone.