The logo of the Organization of Petroleum Exporting Countries (OPEC) is seen at its headquarters in Vienna on June 3, 2023. Credit: AFP
Nigeria’s economic outlook remains positive as improved macroeconomic stability, steady oil production, recovering private-sector activity and continued reforms support economic expansion, the Organisation of the Petroleum Exporting Countries has said.
OPEC stated this in its latest assessment of the Nigerian economy, noting that the country’s economy expanded by 3.9 per cent year-on-year in the first quarter of 2026.
The growth rate was only slightly below the 4.0 per cent recorded in the fourth quarter of 2025, confirming that economic growth remained close to recent highs.
According to the oil producers’ organisation, the non-oil economy continued to provide the main support for growth, with activity driven by agriculture, manufacturing, construction, trade, finance and insurance.
