Nigeria’s economy recorded stronger growth in the second quarter of 2026, with real Gross Domestic Product (GDP) expanding by 4.43 per cent year-on-year, compared with 4.23 per cent in Q2 2025 and 3.89 per cent in the first quarter of 2026.
The latest growth figure pushed Nigeria’s real GDP expansion for the first half of 2026 to 4.16 per cent, up from 3.68 per cent recorded in the corresponding period of 2025. The government said the performance reflects sustained improvement across several sectors of the economy.
Growth was led by key productive sectors, with manufacturing expanding by 3.24 per cent, agriculture by 4.39 per cent and services by 4.60 per cent. The government also noted that 27 economic subsectors recorded growth above three per cent in Q2 2026, compared with 23 subsectors in the same period last year, indicating a broader-based expansion.
The government said improved exchange-rate stability and the naira’s appreciation of more than 12 per cent between the first halves of 2025 and 2026 also contributed to an estimated 17 per cent expansion of the economy in dollar terms. It expressed optimism that sustained reforms, macroeconomic stability and stronger investor confidence could help Nigeria move towards its target of a $1 trillion economy by 2030, while improving incomes and living standards.
