The Nigerian economy recorded real GDP growth of 4.43% year-on-year in the second quarter of 2026, up from 4.23% in the same period a year earlier, new figures show, with the non-oil sector continuing to anchor overall performance.
This was contained in the Q2 2026 GDP Report released on Monday by the National Bureau of Statistics (NBS).
According to the report, agriculture posted a marked improvement, expanding 4.39% compared to just 2.82% in the second quarter of 2025, while the services sector grew 4.60%, up from 3.94% previously, and retained its position as the largest contributor to the economy at 56.62% of aggregate GDP. Industry, by contrast, slowed to 3.96% growth from 7.46% a year earlier.
Nominal GDP at basic price reached N119,294,681.84 million for the quarter, compared with N100,730,501.10 million in the second quarter of 2025, a year-on-year nominal increase of 18.43%.
The oil sector saw average daily production climb to 1.72 million barrels per day, up from 1.68 mbpd in the same quarter last year and 1.55 mbpd in the first quarter of 2026.
Real growth in the sector stood at 7.31% year-on-year, a decline of 13.15 percentage points from the 20.46% recorded in the second quarter of 2025, though it rose 4.74 percentage points from the first quarter’s 2.57%.
Quarter-on-quarter, oil sector growth reached 10.91%, and its share of total real GDP edged up to 4.16%, from 4.05% a year earlier.
Meanwhile, the non-oil sector grew 4.31% in real terms, ahead of the 3.64% recorded in the second quarter of 2025 and the 3.94% posted in the first quarter of this year.
Crop production, telecommunications, real estate, trade, financial institutions, cement manufacturing and construction were the main drivers of this growth.
Even so, the sector’s overall share of GDP slipped to 95.84%, down from 95.95% a year earlier and 96.08% in the previous quarter.
