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 Nigeria has sustained consistent economic expansion, with 2024 recording growth ranging from 3.48 to 3.86 percent before accelerating to 4.23 percent in Q2 2025.
- The services sector accounted for 57.73 percent of total real GDP in Q1 2026, up from 57.50 percent a year earlier, with telecommunications, finance, and trade driving the contribution.
- Industry contributed 19.11 percent and agriculture 23.16 percent of the economy, while oil accounted for just 3.92 percent; nominal GDP reached N110.79 trillion and real GDP stood at N51.26 trillion.
- Despite oil production averaging 1.55 million barrels per day in Q1 2026, the non-oil sector sustained positive growth, though quarterly GDP slowed 0.10 percent compared to Q4 2025.
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18 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…
Nigerian Economy Grows by 3.89% in Q1 2026
The National Bureau of Statistics (NBS), has revealed in its latest report that Nigeria’s Gross Domestic Product (GDP), grew by 3.89 per cent in real terms in the first quarter of 2026. The growth rate represents an improvement from the 3.13 percent recorded in the corresponding period of 2025, driven largely by stronger performance in agriculture, construction, telecommunications, finance, and trade. The report showed that the services sector …
Nigeria’s Economy Grows 3.89% In Q1 2026 As Services Sector Leads Expansion
Nigeria’s economy expanded by 3.89 percent year-on-year in real terms in the first quarter (Q1) of 2026, according to the latest Gross Domestic Product report released by the National Bureau of Statistics. The growth rate was stronger than the 3.13 percent recorded in the corresponding period of 2025, indicating continued resilience in the non-oil economy […] The post Nigeria’s Economy Grows 3.89% in Q1 2026 as Services Sector Leads Expansion ap…
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