Nigeria’s GDP grows 3.89% in the first quarter of 2026.

By Elizabeth Adegbesan

Nigeria’s Gross Domestic Product (GDP) increased by 3.89 percent in the first quarter of 2026 (Q1 ’26), a rise of 0.76 percentage points from the 3.13 percent recorded in the same period of 2025 (Q1 ’25).

However, the growth rate for Q1 ’26 was 0.18 percentage points lower than the 4.07 percent reported in the fourth quarter of 2025 (Q4 ’25).

The National Bureau of Statistics (NBS) released the figures yesterday, stating: “Gross Domestic Product (GDP) grew by 3.89 % (year‑on‑year) in real terms in the first quarter of 2026, higher than the 3.13 % recorded in the first quarter of 2025. During the quarter under review, agriculture grew by 3.15 %, an improvement from the 0.07 % recorded in the corresponding quarter of 2025.”

“The growth of the industry sector stood at 3.50 % from 3.42 % recorded in the first quarter of 2025, while the services sector recorded a growth of 4.31 % from 4.33 % in the same quarter of 2025.”

“In terms of share of the GDP, the services sector contributed more to the aggregate GDP in the first quarter of 2026 at 57.73 % compared to the corresponding quarter of 2025 at 57.50 %.”

“Gross Domestic Product (GDP) grew by 3.89 percent (year‑on‑year) in real terms in the first quarter of 2026, higher than the 3.13 percent recorded in the first quarter of 2025.”

NBS noted that during the quarter under review, the services sector contributed more to the aggregate GDP at 57.73 percent.

“The real growth of the oil sector was 2.57 % (year‑on‑year) in Q1 2026, indicating an increase of 0.70 percentage points relative to the rate recorded in the corresponding quarter of 2025 (1.87 %). Growth decreased by 4.22 percentage points when compared to Q4 2025, which was 6.79 %. On a quarter‑on‑quarter basis, the oil sector recorded a growth rate of 9.31 % in Q1 2026.”

“The Oil sector contributed 3.92 % to the total real GDP in Q1 2026, down from the figure recorded in the corresponding period of 2025 at 3.97 %, and up from the preceding quarter, where it contributed 2.87 %. The non‑oil sector grew by 3.94 % in real terms during the reference quarter (Q1 2026). This rate was higher by 0.75 percentage points compared to the rate recorded in the same quarter of 2025, which was 3.19 %, and lower than the 3.99 % recorded in the fourth quarter of 2025.”

“In real terms, the non‑oil sector contributed 96.08 % to the nation’s GDP in the first quarter of 2026, higher than the share recorded in the first quarter of 2025, which was 96.03 %, and lower than the fourth quarter of 2025, recorded as 97.13 %.”

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