Nigeria's GDP Grows 4.43% in Q2 2026, Fastest Q2 Growth in Five Years
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Nigeria's economy expanded 4.43 percent year-on-year in the second quarter of 2026, its fastest Q2 growth in five years, according to the National Bureau of Statistics.
Nigeria's Gross Domestic Product grew by 4.43 percent year-on-year in real terms in the second quarter of 2026, according to the National Bureau of Statistics, representing an improvement from the 4.23 percent recorded in the same quarter of 2025.
The NBS said the agriculture sector grew by 4.39 percent during the quarter, a substantial improvement from 2.82 percent in Q2 2025, while the services sector expanded by 4.60 percent, up from 3.94 percent. However, the industry sector's growth slowed to 3.96 percent from 7.46 percent in the corresponding quarter of 2025.
In nominal terms, Nigeria's aggregate GDP stood at N119.29 trillion in Q2 2026, up 18.43 percent year-on-year from N100.73 trillion in Q2 2025. The non-oil sector accounted for 95.84 percent of real GDP, while oil-sector production averaged 1.63 million barrels per day during the quarter, up from 1.55 mbpd in the first quarter of 2026.