Nigeria's Economy Grows 3.89% in Q1 2026

In the first quarter of 2026, Nigeria's economy demonstrated a stronger growth momentum, expanding by 3.89% year-on-year in real terms, compared to 3.13% in Q1 2025. This growth reflects an improved output across various sectors, particularly in refining activities and telecommunications.

The creative industry, which includes motion picture and music production, recorded a growth rate of 8.86% in Q1 2026, although this was slightly below the 9.63% growth observed in the same quarter of 2025. The report indicates a significant rebound in several sectors, driven by stronger demand for digital connectivity and improvements in infrastructure.

The transport-related services also showed recovery, marking a shift in the top 10 fastest-growing sectors in Nigeria compared to 2025, where many sectors experienced weak and volatile growth. The data underscores the ongoing recovery and expansion of economic activities in Nigeria.