Nigeria's GDP Grows 4.43% in Q2 2026, NBS Reports

Nigeria's Gross Domestic Product (GDP) experienced a year-on-year growth of 4.43% in real terms during the second quarter of 2026, as reported by the National Bureau of Statistics (NBS). This figure marks an increase from the 4.23% growth recorded in the same quarter of 2025, reflecting a 0.20 percentage-point rise in economic activity.

The agricultural sector demonstrated stronger growth during this quarter, contributing positively to the overall GDP increase. The services sector also expanded, achieving a growth rate of 4.60% compared to 3.94% in Q2 2025.

However, the industrial sector faced a significant slowdown, growing by only 3.96% in Q2 2026, a notable decline from the 7.46% growth seen in the corresponding period of 2025. These figures indicate a mixed performance across different sectors of the economy.