BREAKING: Nigeria’s GDP Growth Rises To 3.89%

Nigeria’s economy recorded a real Gross Domestic Product growth of 3.89 per cent year-on-year in the first quarter of 2026, according to the latest figures released by the National Bureau of Statistics.

The latest growth figure represents an improvement over the 3.13 per cent recorded in the corresponding period of 2025, indicating stronger economic activity across key sectors during the period under review.

Data released by the statistics agency showed that the agricultural sector emerged as one of the strongest-performing sectors in the first quarter of 2026.

The sector grew by 3.15 per cent during the period, representing a sharp rebound from the marginal 0.07 per cent growth recorded in the first quarter of 2025.

The improved performance in agriculture underscores renewed activity in crop production and broader recovery across parts of the sector following earlier challenges linked to inflation, insecurity, and supply disruptions.

The latest GDP figures also reflect continued resilience in the Nigerian economy despite persistent inflationary pressures, rising living costs, and foreign exchange market adjustments.

The first-quarter growth performance comes amid ongoing economic reforms introduced by the Federal Government aimed at stabilising the economy, improving revenue generation, and attracting investment into productive sectors.

The National Bureau of Statistics is expected to provide a broader sectoral breakdown of the GDP performance, including contributions from oil, services, manufacturing, telecommunications, and trade activities.

Nigeria’s GDP growth has remained under close watch as policymakers seek to balance economic reforms with concerns over inflation, food prices, and consumer purchasing power across the country.