Nigeria’s GDP Grew 3.89% in Q1 2026 — NBS

Nigeria’s GDP Grew 3.89% in Q1 2026 — NBS

Nigeria’s economy grew 3.89% in the first quarter of 2026, according to the National Bureau of Statistics (NBS).

The figure is higher than the 3.13% recorded in the same period last year but slightly down from 4.0% in Q4 2025.

The oil sector contributed 3.92%, up from 2.87% in Q1 2025. Average daily oil production was 1.55 million barrels per day, lower than the 1.62 mbpd recorded a year earlier.

The non-oil sector grew 3.89%, with agriculture expanding 3.15% — up from 0.07% in the same quarter last year. The services sector contributed 57.73% of GDP, up slightly from 57.50%.

Industry grew 3.50%, and nominal GDP stood at N110.79 trillion, up 17.79% year-on-year from N94.05 trillion.

The numbers come as Nigeria continues to grapple with inflation and currency pressures.

Sources: The Nation, ThisDay, TheCable