Nigeria’s GDP grows by 3.89% in Q1 2026, non-oil sector accounts for 96%

Nigeria’s Gross Domestic Product, GDP, grew by 3.89 percent successful existent presumption successful the archetypal 4th of 2026, arsenic the non-oil assemblage accounted for 96.08 percent. 

The National Bureau of Statistics, NBS, disclosed this successful its GDP study for Q1 2026 released on Monday. 

The Q1 GDP fig is higher than the 3.13 percent recorded successful the akin play successful 2025. 

Details of the study showed that mean GDP stood astatine N110.79 trillion, portion successful existent presumption it is N51.26 trillion arsenic of Q1 2026. 

NBS further said that the services assemblage contributed much to the aggregate GDP astatine 57.73 percent successful the play nether review. 
However, erstwhile compared to the 4th fourth of 2025, the country’s GDP slowed by 0.10 percent. 

“Gross Domestic Product grew by 3.89 percent (YoY) successful existent presumption successful Q1 2026, higher than the 3.13 percent recorded successful Q1 2025.

“In presumption of stock of the GDP, the services assemblage contributed much to the aggregate GDP successful Q1 2026 astatine 57.73%,” NBS stated. 

The study showed that the lipid assemblage contributed 3.92 percent portion the non-oil assemblage accounted for 96.08 percent. 

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