NESG Reports Uneven Economic Growth in Nigeria for 2026

The Nigerian Economic Summit Group (NESG) reported that only eight sectors of Nigeria's economy experienced growth exceeding 5% in the second quarter of 2026, indicating uneven economic expansion. The country's real Gross Domestic Product (GDP) grew by 4.43% year-on-year in Q2 2026, compared to 4.23% in the same period of 2025, as per the National Bureau of Statistics (NBS).

NESG highlighted that while several sectors showed economic activity, growth was concentrated in a limited number of areas, revealing ongoing challenges that hinder productivity, investment, and job creation. Agriculture has shown recovery for five consecutive quarters; however, food inflation remains high, indicating difficulties in transporting produce from farms to markets.

Manufacturing continues to expand but is vulnerable due to weaknesses in key subsectors, particularly textiles, which have faced continuous contraction since Q2 2024. Addressing these constraints is essential for improving food availability and overall economic health.