This post was originally published on this site.
Data from the National Bureau of Statistics reveals that Nigeria’s real GDP grew by 3.89% in Q1 2026 compared to the 3.13% posted in Q1 2025, marginally above the 3.87% recorded for 2025.
The expansion was supported by agriculture, services, ICT, manufacturing, construction, transportation and financial services.
Here is a breakdown of the sectors’ performance.
Mining & Quarrying
The Mining & Quarrying sector grew by 13.92% in nominal terms and 1.89% in real terms year-on-year. Crude petroleum and natural gas dominated the sector, accounting for 91.08% of output and expanding by 16.37%, making it the main driver of growth.
The sector contributed 4.23% of nominal GDP and 4.14% of real GDP.
Finance and insurance emerge as top-performing sectors in Q1 2026 Photo: NBSSource: Twitter
Agriculture
Agriculture grew by 9.93% nominally and 3.15% in real terms year-on-year, remaining the largest sector of the economy, contributing 23.16% of real GDP. Crop production dominated, accounting for 66.76% of the
