Nigeria’s Economy Grows 4.43% in Q2 2026
Services accounted for 56.62% of output as agriculture rose 4.39% and industry slowed, according to the National Bureau of Statistics.
- On Monday, the National Bureau of Statistics reported that Nigeria's economy grew by 4.43% in the second quarter of 2026, strengthening from the 4.23% recorded in the corresponding quarter of 2025.
- Oil production rose to 1.72 million barrels per day, aiding a 7.31% expansion in the oil sector, while the non-oil sector—accounting for 95.84% of real GDP—grew by 4.31%.
- Agriculture grew by 4.39%, contributing 26.15% to real GDP, while the services sector remained dominant at 56.62% of output; the industrial sector slowed to 3.96% amid infrastructure challenges.
- President Bola Tinubu's administration aims for 7% annual economic growth by 2027, though the 4.43% quarterly performance remains below the pace required to reach that benchmark.
- Stronger GDP figures do not necessarily translate into improved living standards for Nigerians; impact depends on whether growth translates into more jobs, higher incomes, and lower production costs.
14 Articles
14 Articles
Premium Times Nigeria
BizWatchNigeria.NgNigeria’s economy grows 4.43% in Q2 2026
Nigeria’s economy expanded faster in the second quarter of 2026, supported by improved performances in the oil and non-oil sectors, although industrial growth slowed compared with a year earlier. The post Nigeria’s economy grows 4.43% in Q2 2026 — NBS appeared first on Premium Times Nigeria.
Nigeria’s GDP Growth Rises To 4.43% In Q2 2026 As Agriculture, Services Pick Up - TV360 Nigeria
NBS data show stronger expansion across agriculture and services, while industrial growth slows despite a rise in crude oil production…… Nigeria’s economy expanded by 4.43 per cent in real terms in the second quarter of 2026, recording a modest improvement from the 4.23 per cent growth posted in the same period last year. The latest … The post Nigeria’s GDP Growth Rises To 4.43% In Q2 2026 As Agriculture, Services Pick Up appeared first on TV360…
Breaking: Nigeria’s economy grows by 4.43% as GDP hits N119.3trn in Q2
Despite the improvement in oil output, the non-oil sector continued to dominate the economy, accounting for 95.84 per cent of real GDP. It grew by 4.31 per cent, compared with 3.64 per cent in Q2 2025.
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
