Nigeria’s economy grew by 4.4 per cent year-on-year in the second quarter of 2026, representing a modest improvement from the 4.2 per cent growth recorded in the corresponding period of 2025.
The National Bureau of Statistics (NBS), which released the latest Gross Domestic Product (GDP) figures on Monday, attributed the growth to improved performances in both the oil and non-oil sectors.
According to the statistics agency, the oil sector expanded by 7.3 per cent year-on-year in Q2 2026, contributing significantly to the overall increase in economic activity during the period.
The non-oil sector also recorded positive growth, expanding by 4.3 per cent year-on-year.
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The latest GDP figure indicates a slight strengthening in economic performance compared with the 4.2 per cent recorded in the second quarter of 2025.
The performance comes amid ongoing efforts by the Federal Government and the Central Bank of Nigeria to improve macroeconomic stability and boost production across key sectors of the economy.
The Q2 figures also underscore the continued contribution of the oil sector to economic growth, although the non-oil sector remains the larger component of Nigeria’s overall economic activity.
The NBS is expected to provide further details in its full GDP report, including the performance of major sectors and their respective contributions to economic growth during the quarter.
