Nigeria’s Gross Domestic Product (GDP) grew by 4.43 per cent in real terms in the second quarter (Q2) of 2026, according to the National Bureau of Statistics (NBS).
Announcing the development in its latest GDP report for Q2 2026 yesterday, the bureau noted that the latest growth rate is higher than the 4.23 per cent recorded in Q2 2025, indicating a 0.2 percentage-point increase year-on-year.
The agency noted that during the quarter under review, agriculture grew by 4.39 per cent, “an improvement from the 2.82 per cent recorded in the corresponding quarter of 2025”.
“The growth of the industry sector stood at 3.96 per cent from 7.46 per cent recorded in the second quarter of 2025, while the services sector recorded a growth of 4.60 per cent from 3.94 per cent in the same quarter of 2025,” the NBS report said.
“In terms of share of the GDP, the services sector contributed more to the aggregate GDP in the second quarter of 2026 at 56.62 per cent compared to the corresponding quarter of 2025 at 56.53 per cent.”
In the quarter under review, the statistics body said the aggregate GDP stood at N119.27 trillion in nominal terms.
The NBS said the performance is higher when compared to the first quarter (Q1) of 2025, which recorded an aggregate GDP of N100.7 trillion, indicating a year-on-year nominal growth of 18.43 percent.
On the other hand, Nigeria’s real GDP stood at N53.47 trillion in Q2 2026.
The bureau further said the country recorded an average daily oil production of 1.63 million barrels per day (mbpd) in Q1 2026.
Compared to the same quarter in 2025, the NBS said the record is lower than the daily average production of 1.68 mbpd by 0.05 mbpd, and lower than the first quarter of 2026 production volume of 1.55 mbpd by 0.17 mbpd.
“The real growth of the oil sector was 7.31 (year-on-year) in Q2 2026, indicating a decrease of 13.15 per cent points relative to the rate recorded in the corresponding quarter of 2025 (20.46 per cent),” the NBS said.
“Growth increased by 4.74 per cent points when compared to Q1 2026, which was 2.57 per cent. On a quarter-on-quarter basis, the oil sector recorded a growth rate of 10.91 per cent in Q2 2026.”
The report noted that the oil sector contributed 4.16 percent to the total real GDP in Q2 2026, up from the figure recorded in the corresponding period of 2025 at 4.05 percent — up from the preceding quarter, where it contributed 3.92 percent.
According to the NBS, in real terms, the non-oil sector contributed 95.84 percent to the nation’s GDP in the first quarter of 2026.
This, the bureau said, is lower than the figure recorded in the second quarter (Q2) of 2025, which was 95.95 per cent.
The Q2 record is also lower than the 96.08 per cent booked in the fourth quarter (Q4) of 2025, the report said.
“The non-oil sector grew by 4.31 per cent in real terms during the reference quarter (Q2 2026),” the NBS said.
“This rate was higher by 0.67 per cent points compared to the rate recorded in the same quarter of 2025, which was 3.64 per cent, and higher than the 3.94 per cent recorded in the first quarter of 2026.”
In Q2 2026, the NBS said the non-oil sector was driven mainly by agriculture (crop production), information and communication (telecommunications), real estate, trade, financial and insurance (financial institutions), manufacturing (cement), and construction.
