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🇳🇬 Nigeria /Economy & Trade

Nigeria's Q1 GDP Growth Slows to 3.89%

From ThisDay · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

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  • Nigeria's Gross Domestic Product (GDP) growth slowed to 3.89% in the first quarter of 2026, down from 4.07% in the previous quarter.
  • The services sector led growth, contributing 57.73% to the economy.
  • The non-oil sector's contribution to real GDP was 96.08%, while the oil sector contributed 3.92%.

Nigeria's economic growth decelerated in the first quarter of 2026, with the Gross Domestic Product (GDP) expanding by 3.89%. This marks a slight decrease from the 4.07% growth recorded in the preceding quarter. The National Bureau of Statistics (NBS) reported that the services sector remained the primary driver of the economy, accounting for 57.73% of the total GDP. This is a marginal increase from 57.50% in the corresponding quarter of 2025.

Overall GDP at basic prices reached N110.78 trillion in nominal terms during the first quarter, compared to N94.05 trillion in the same period of 2025. The non-oil sector's contribution to real GDP stood at 96.08%, a decrease from 97.13% in the fourth quarter of 2025 but an increase from 96.03% in the first quarter of the previous year. Conversely, the oil sector's contribution to real GDP rose to 3.92% in Q1 2026, up from 2.87% in the previous quarter and slightly down from 3.97% in Q1 2025.

About this summary

Originally published by ThisDay 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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