Nigeria's GDP Grows by 3.89% in Q1 2026, Non-Oil Sector Accounts for 96%
The services sector accounted for 57.73% of real GDP as non-oil activity offset weaker oil output, the National Bureau of Statistics said.
- Nigeria's economy expanded by 3.89 percent year-on-year in real terms in Q1 2026, according to data released by the National Bureau of Statistics on Monday, exceeding the 3.13 percent recorded in Q1 2025.
- Recent quarterly data shows sustained economic resilience, with 2024 recording expansion between 3.48 and 3.86 percent before accelerating to 4.23 percent in Q2 2025 and moderating to 4.07 percent by Q4 2025.
- The services sector accounted for 57.73 percent of total real GDP in Q1 2026, up from 57.50 percent a year earlier, driven by telecommunications, finance, trade and other business activities.
- Beyond services, agriculture contributed 23.16 percent and industry 19.11 percent of economic output, while oil accounted for just 3.92 percent; nominal GDP reached N110.79 trillion versus N51.26 trillion in real terms.
- Despite oil production averaging 1.55 million barrels per day in Q1 2026, the non-oil sector sustained positive growth, though quarter-on-quarter GDP slowed 0.10 percent from Q4 2025.
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20 Articles
Nigeria’s GDP growth rises 3.89% in Q1’26
By Elizabeth Adegbesan Nigeria’s Gross Domestic Product (GDP) rose to 3.89 per cent in the first quarter of this year, Q1’26, representing a 0.76 percentage point increase from the 3.13 per cent recorded in the same period of 2025, Q1’25. However, the GDP growth in Q1’26, represents a 0.18 percentage points decline from the 4.07 per cent recorded in the fourth quarter of 2025, Q4’25. Disclosing these yesterday, the National Bureau of Statistics…
Weak oil performance clouds Nigeria’s economic recovery outlook
Nigeria’s economy sustained its growth trajectory in the first quarter of 2026, recording a 3.89 percent year-on-year expansion, but cracks are beginning to emerge beneath the headline numbers as slowing oil sector performance, infrastructure bottlenecks and seasonal economic pressures threaten to moderate momentum in the months ahead. The latest Gross Domestic Product (GDP) assessment released […] The post Weak oil performance clouds Nigeria’s …
Economists reject NBS GDP report as cost of living worsens
Economists have rejected the National Bureau of Statistics’ latest Gross Domestic Product report for the first quarter of 2026 as the cost of living in Nigeria worsens. Recall that the NBS report released on Monday showed that the Nigerian economy grew by 3.89 percent in Q1 2026 compared to 3.13 percent recorded in Q1 last year. The report showed that the service sector contributed more to aggregate GDP at 57.73 percent, followed by agriculture …
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