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Nigeria Records 4.43% GDP Growth in Q2 2026, Strongest in Five Years

Nigeria’s economy recorded its strongest quarterly growth in five years during Q2 2026, with real GDP expanding by 4.43% year-on-year, according to the National Bureau of Statistics. This acceleration surpassed the 3.89% growth seen in Q1 2026, driven by a broad-based recovery across agriculture, crude oil, and various service sectors. Key contributors included the livestock sub-sector, which rebounded significantly, and telecommunications, which remained a vital growth engine despite a slight moderation. While sectors like electricity and gas continued to face contraction, the widespread improvement in production, hospitality, and insurance helped solidify the overall expansion.

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