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Nigeria’s economy grows 3.89% in Q1 amid lower oil output - NBS

Nigeria's economy expanded by 3.89% in Q1 2026, driven by agriculture, telecom, and financial services, despite lower oil output. Get the full NBS report.

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punchng.com4 h fa

Agric, telecoms drive Nigeria’s Q1 GDP to 3.89%

Nigeria's GDP grew 3.89% YoY in Q1 2026, led by telecoms (+10.98%), finance (+8.54%), construction (+6.38%), and agriculture (+3.15%), while oil output fell to 1.55 mbpd. The non-oil sector now represents 96% of real GDP, signaling that Nigeria's economic resilience increasingly decouples from commodity cycles — relevant context for tech and infrastructure investment decisions in West Africa.

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Timeline cronologica

lunedì 25 maggio 2026·vanguardngr.com
Breaking: Nigeria’s GDP growth rate slows to 3.8%
The National Bureau of Statistics, NBS, announced the development in its latest GDP report for Q1 2026 on Monday.
lunedì 25 maggio 2026·punchng.com
Nigeria’s economy grows 3.89% in Q1 amid lower oil output - NBS
Nigeria's economy expanded by 3.89% in Q1 2026, driven by agriculture, telecom, and financial services, despite lower oil output. Get the full NBS report.

Nigeria’s economy grows 3.89% in Q1 amid lower oil output - NBS

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Agric, telecoms drive Nigeria’s Q1 GDP to 3.89%

Timeline cronologica

Breaking: Nigeria’s GDP growth rate slows to 3.8%