Nigeria's economy expands by 4.4% in Q2, lifted by oil and non-oil sectors
Services and agriculture led the expansion as 27 subsectors posted real growth above 3%, the finance ministry said.
- 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 accounted for 95.84% of real GDP and grew by 4.31%.
- Agriculture contributed 26.15% to real GDP with 4.39% growth, improving from 2.82% in Q2 2025, while the services sector remained dominant at 56.62% of output and the industrial sector slowed to 3.96%.
- 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 if sustained growth is the target.
- Stronger GDP figures do not necessarily translate into improved living standards for Nigerians, as the expansion must ultimately result in more jobs, higher incomes, and lower production costs to impact households.
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Nigerians react as GDP growth hits 4.43 percent
Nigerians have questioned the impact of Nigeria’s economic growth after the country’s Gross Domestic Product, GDP, grew by 4.43 percent in real terms in the second quarter of 2026, according to the National Bureau of Statistics, NBS. The NBS, in its GDP report released on Monday, said Africa’s most populous economy grew from the 3.89 percent recorded in Q1 2026. The latest figure represents a 0.20 percentage-point increase from the 4.23 percent …
Tinubu Welcomes Nigeria's 4.43% GDP Growth, Promises Stronger Microeconomic Performance
President Bola Tinubu urged Nigerian to stay vigilant by ensuring the sustainable progress recorded remains irreversible. The post Tinubu Welcomes Nigeria’s 4.43% GDP Growth, Promises Stronger Microeconomic Performance appeared first on Channels Television.
Nigeria’s economy grows 4.43% in Q2 – NBS
Nigeria’s economy grew by 4.43 per cent year-on-year in real terms in the second quarter of 2026, higher than the 4.23 per cent recorded in the corresponding period of 2025, the National Bureau of Statistics said on Monday. The figure also represents an improvement from the 3.89 per cent growth recorded in the first quarter Read More: https://punchng.com/nigerias-economy-grows-4-43-in-q2-nbs/
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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.
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