Nigeria’s Gross Domestic Product (GDP) grew by 3.89% year-on-year in Q1 2026, surpassing the 3.13% growth recorded in Q1 2025, though slightly below the 4.07% growth recorded in Q4 2025.
In nominal terms, aggregate GDP rose to ₦100.79 trillion, up from ₦94.05 trillion in Q1 2025, representing a 17.79% year-on-year nominal growth rate.
Sector Highlights
Agriculture Sector: The Agriculture sector recorded a notable recovery, growing by 3.15% in Q1 2026, significantly higher than the 0.07% growth recorded in Q1 2025.
Services Sector: The Services sector remained the key driver of economic growth, expanding by 4.31% in Q1 2026. The sector accounted for 57.73% of total GDP, up from 57.50% in the corresponding period of 2025.
Trade Sector: The Trade sector grew by 2.08%, up from 1.78% recorded in Q1 2025, and contributed 17.89% to total GDP.
Industry Sector: The Industry sector expanded by 3.50% in Q1 2026, compared to 3.42% in Q1 2025, reflecting continued industrial activity.
