Nigeria's GDP Growth Reaches 4.43% in Q2 2026

Nigeria's economy expanded by 4.43% year-on-year in the second quarter of 2026, an increase from 4.23% in Q2 2025 and 3.89% in Q1 2026, according to the Federal Ministry of Finance. Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, stated that this growth pushed the real GDP for the first half of 2026 to 4.16%, compared to 3.68% in H1 2025.

A total of 27 economic subsectors recorded real growth above 3.0% in Q2 2026, up from 23 subsectors in the same quarter of the previous year. Manufacturing grew by 3.24%, agriculture by 4.39%, and services, the largest contributor, rose by 4.60%.

The naira appreciated by over 12% between H1 2025 and H1 2026, contributing to a 17% expansion in the economy in U.S. dollar terms. The ministry noted that Nigeria is positioned to be among Africa's largest economies and aims for a $1 trillion economy by 2030.

The International Monetary Fund ranked Nigeria among the top 10 contributors to global real GDP growth in 2026.