Nigeria’s Gross Domestic Product (GDP) grew by 3.89 per cent year-on-year in real terms in the first quarter of 2026, the National Bureau of Statistics (NBS) has said.
The NBS said this growth is higher than the 3.13 per cent recorded in the first quarter of 2025.
The statistics bureau said this in its “Nigerian Gross Domestic Product (GDP) Report Q1 2026” released on Monday.
During the quarter under review, the statistics office said agriculture grew by 3.15 per cent, an improvement from the 0.07 per cent recorded in the corresponding quarter of 2025.
It explained that the growth of the industry sector stood at 3.50 per cent from 3.42 per cent recorded in the first quarter of 2025, while the services sector recorded a growth of 4.31 per cent from 4.33 per cent in the same quarter of 2025.
In terms of share of the GDP, the NBS said the services sector contributed more to the aggregate GDP in the first quarter of 2026 at 57.73 per cent compared to the corresponding quarter of 2025 at 57.50 per cent.
“In the quarter under review, aggregate GDP at basic price stood at N110,786,347.01 million in nominal terms. This performance is higher when compared to the first quarter of 2025, which recorded an aggregate GDP of N94,051,733.20 million, indicating a year-on-year nominal growth of 17.79 per cent,” the NBS said.
Oil sector
The NBS said the nation in the first quarter of 2026 recorded an average daily oil production of 1.55 million barrels per day (mbpd), lower than the daily average production of 1.62 mbpd recorded in the same quarter of 2025 by 0.06 mbpd and lower than the fourth quarter of 2025 production volume of 1.58 mbpd by 0.03 mbpd.
It said the real growth of the oil sector was 2.57 (year-on-year) in Q1 2026, indicating an increase of 0.70 per cent points relative to the rate recorded in the corresponding quarter of 2025 (1.87 per cent).
According to the NBS, growth decreased by 4.22 per cent points when compared to Q4 2025, which was 6.79 per cent.
On a quarter-on-quarter basis, the bureau said the oil sector recorded a growth rate of 9.31 per cent in Q1 2026.
“The oil sector contributed 3.92 per cent to the total real GDP in Q1 2026, down from the figure recorded in the corresponding period of 2025 at 3.97 per cent. and up from the preceding quarter, where it contributed 2.87 per cent,” it said.
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Non-oil sector
The non-oil sector grew by 3.94 per cent in real terms during the reference quarter (Q1 2026).
The NBS said this rate was higher by 0.75 per cent points compared to the rate recorded in the same quarter of 2025, which was 3.19 per cent, and lower than the 3.99 per cent recorded in the fourth quarter of 2025.
“This sector was driven in the first quarter of 2026 mainly by Information and Communication (Telecommunications); Agriculture (Crop production); Trade; Manufacturing (Cement); Financial & Insurance (Financial Institutions); Real Estate; Construction; and Transportation and Storage (Road Transport), accounting for positive GDP growth.”
In real terms, the NBS said the non-oil sector contributed 96.08 per cent to the nation’s GDP in the first quarter of 2026, higher than the share recorded in the first quarter of 2025, which was 96.03 per cent, and lower than the fourth quarter of 2025, recorded as 97.13 per cent.
