Nigeria's GDP Grows 4.43% in Q2 2026, Driven by Services

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) on August 31, 2026. This growth rate reflects a 0.20 percentage-point increase from the 4.23% recorded in the same quarter of 2025.

The data indicates a modest acceleration in economic activity, although growth varied across major sectors. The services sector demonstrated the strongest performance, expanding by 4.60% compared to 3.94% in Q2 2025.

Additionally, the agriculture sector also showed improvement, growing by 4.39% in Q2 2026, up from 2.82% in the corresponding quarter of the previous year. The statistics agency's report underscores the uneven nature of growth across different sectors of the economy.