Strong GDP growth masks deep structural weaknesses in power, manufacturing, export competitiveness, CPPE says - Businessday NG

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.