Nigeria's GDP Grows 4.43% in Q2 2026 Amid Oil Surge
In the second quarter of 2026, Nigeria's Gross Domestic Product (GDP) grew by 4.43% year-on-year in real terms, according to a report from the National Bureau of Statistics. This growth surpasses the 4.23% recorded in the same quarter of 2025.
The nominal GDP reached N119.29 trillion, an 18.43% increase from N100.73 trillion in Q2 2025. Crude oil production rose to 1.72 million barrels per day, the highest since 2022, and the agriculture sector grew by 4.39%.
The industry sector's growth was recorded at 3.96%, while the services sector grew by 4.60%. The non-oil sector also showed significant growth, expanding by 4.31% in real terms.
Despite these positive economic indicators, Nigeria faces challenges with a poverty rate of 63%, indicating widening inequality amidst economic expansion.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
Read full article
Continue on Daily Trust
Get the week in one email
Top stories, NPFL results, the naira, every Friday morning. Free, one email a week.
Related Stories
Nigeria's economy hits 4.43% growth in Q2 2026, advancing toward $1trn goal
Nigeria's Economy Grows 4.43% Amid Rising Living Costs
Nigeria's Economy to Grow 4.2% in H2 2026, Says PwC
Nigeria's GDP Grows 4.43% in Q2 2026, Tinubu Says
Nigeria's Economy Grows 4.43% in Q2 2026
Nigeria's Economy Grows 3.9% in H1-2026 Amid Challenges
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
