Nigeria’s economy accelerates, on track toward $1 trillion GDP, finance ministry says
Translated from English and summarized by DistantNews. Read the original for the full story.
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- Nigeria’s real GDP grew 4.43% year on year in the second quarter of 2026, up from 4.23% a year earlier and 3.89% in the first quarter.
- The Federal Ministry of Finance said manufacturing grew by 3.24% and described the economy as resilient and accelerating toward a $1 trillion GDP.
Nigeria’s economy expanded at a faster pace in the second quarter of 2026, according to the Federal Ministry of Finance, which said the country remained on course toward a $1 trillion gross domestic product.
Real GDP grew 4.43% year on year, compared with 4.23% in the same quarter of 2025 and 3.89% in the first quarter of 2026. The ministry also reported 3.24% growth in manufacturing.
The ministry said the figures showed continued resilience and accelerating growth in Africa’s most populous country.
About this summary
Originally published by Vanguard in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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