Nigeria’s economy expanded by 3.89 per cent in real terms in the first quarter of 2026, reflecting stronger economic activity compared to the same period last year, according to data released by the National Bureau of Statistics (NBS) on Monday.
The latest Gross Domestic Product (GDP) report released by the bureau shows that the growth rate was higher than the 3.13 per cent recorded in the first quarter of 2025.
The figures also indicate that the services sector remained the backbone of the economy during the period under review, contributing the largest share to overall GDP.
In nominal terms, the economy was valued at ₦110.79 trillion in Q1 2026, while real GDP stood at ₦51.26 trillion.
Services sector leads growth
