Nigeria’s economy expanded by 4.43 percent in real terms in the second quarter of 2026, according to the National Bureau of Statistics (NBS).
The bureau disclosed this in its latest Gross Domestic Product (GDP) report released on Monday, August 31.
The Q2 growth represents a 0.2 percentage-point increase from the 4.23 percent recorded in the corresponding quarter of 2025.
The latest figures indicate continued expansion in economic activity, although growth across some key sectors was uneven during the period.
The NBS said agriculture grew by 4.39 percent in Q2 2026, compared with 2.82 percent recorded in the same quarter of 2025.
“The growth of the industry sector stood at 3.96% from 7.46% recorded in the second quarter of 2025, while the services sector recorded a growth of 4.60% from 3.94% in the same quarter of 2025,” the NBS report said.
The services sector remained the largest contributor to economic output during the quarter.
“In terms of share of the GDP, the services sector contributed more to the aggregate GDP in the second quarter of 2026 at 56.62% compared to the corresponding quarter of 2025 at 56.53%.”
In nominal terms, Nigeria’s aggregate GDP stood at N119.27 trillion during the quarter.
READ ALSO: ADC Slams Tinubu Government Over ‘Empty’ GDP Growth Celebration
The NBS said the figure represented an 18.43 percent year-on-year increase from the N100.7 trillion recorded in Q2 2025.
Real GDP, which adjusts for price changes and provides a clearer picture of actual economic output, stood at N53.47 trillion in Q2 2026.
Oil Sector Growth Slows
The NBS report also showed that Nigeria’s oil production increased compared with the preceding quarter but remained below the level recorded a year earlier.
The country recorded average daily oil production of 1.63 million barrels per day (mbpd) in Q2 2026, compared with 1.68 mbpd in Q2 2025.
Production was, however, higher than the 1.55 mbpd recorded in Q1 2026.
“The real growth of the oil sector was 7.31 (year-on-year) in Q2 2026, indicating a decrease of 13.15% points relative to the rate recorded in the corresponding quarter of 2025 (20.46%),” the NBS said.
“Growth increased by 4.74% points when compared to Q1 2026, which was 2.57%. On a quarter-on-quarter basis, the oil sector recorded a growth rate of 10.91% in Q2 2026.”
The oil sector accounted for 4.16 percent of total real GDP in Q2 2026, up from 4.05 percent in Q2 2025 and 3.92 percent in the preceding quarter.
Non-Oil Sector Accounts For 95.84%
The non-oil sector remained the dominant contributor to Nigeria’s economic output, accounting for 95.84 percent of real GDP in Q2 2026.
The figure was slightly lower than the 95.95 percent recorded in Q2 2025 and 96.08 percent in Q4 2025.
“The non-oil sector grew by 4.31% in real terms during the reference quarter (Q2 2026),” the NBS said.
“This rate was higher by 0.67% points compared to the rate recorded in the same quarter of 2025, which was 3.64%, and higher than the 3.94% recorded in the first quarter of 2026.”
According to the bureau, agriculture, particularly crop production, was among the major drivers of non-oil sector growth.
Other key contributors included information and communication, driven by telecommunications; real estate; trade; financial and insurance activities; manufacturing, particularly cement production; and construction.
The latest GDP figures provide a fresh snapshot of the performance of the Nigerian economy amid ongoing government reforms and efforts to stimulate growth across both the oil and non-oil sectors.