Tuesday, May 26, 2026 - Nigeria’s economy grew by 3.89% year-on-year in real terms in the first quarter of 2026, according to the latest figures released by the National Bureau of Statistics.
The new data shows an improvement compared with the 3.13%
growth recorded in the same period in 2025, indicating a modest acceleration in
overall economic activity. The report highlights agriculture as the strongest
improving sector during the period, with output growing by 3.15% in Q1 2026, a
sharp recovery from the 0.07% growth recorded in the corresponding quarter of
the previous year.
Analysts say the rebound in agriculture reflects improved
production conditions and a gradual stabilisation in parts of the country’s
food supply chain, which has faced pressure in recent years from insecurity,
inflation and logistical disruptions.
The latest GDP update adds to broader discussions about the
direction of Nigeria’s economic recovery, with policymakers continuing efforts
to strengthen growth across key sectors including agriculture, services and
industry.
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