Nigeria’s economy grew by 3.89 percent year-on-year in real terms in the first quarter of 2026, according to the National Bureau of Statistics. The figure marks a slowdown compared with 4.07 percent recorded in the fourth quarter of 2025, but an improvement on the 3.13 percent posted in the same period last year.
The National Bureau of Statistics said the agriculture sector grew by 3.15 percent, while industry expanded by 3.50 percent. The services sector recorded growth of 4.31 percent and remained the largest contributor to GDP at 57.73 percent.
The report showed that Nigeria’s aggregate GDP stood at N110.78 trillion in nominal terms, representing a year-on-year growth of 17.79 percent compared with N94 trillion recorded in Q1 2025. Real GDP was put at N51.26 trillion for the period under review.
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It added that the oil sector recorded an average daily production of 1.55 million barrels per day, slightly lower than in previous quarters. The non-oil sector accounted for 96.08 percent of total GDP and was driven mainly by telecommunications, agriculture, manufacturing, financial services, and trade.
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