Citizenship News
According to the National Bureau of Statistics (NBS), Nigeria’s Real Gross Domestic Products (GDP) has grown by 4.43% year-on-year in the second quarter of 2026, up from 4.23% in the corresponding quarter of 2025.
This growth, NBS said, was driven primarily by the services sector, which expanded by 4.60% and accounted for 56.62% of aggregate real GDP.
The agricultural sector also recorded strong growth, growing by 4.39%, compared with 2.82% in the same quarter of the previous year. In the oil sector, real output increased by 7.31% year-on-year, supported by an increase in average daily crude oil production of 1.72 million barrels per day.
In contrast, industrial growth declined to 3.96%, down from 7.46% in the second quarter of 2025, while the non-oil sector expanded by 4.31% in real terms.
These figures demonstrate the resilience of the Nigerian economy, with growth largely driven by the services, agriculture, and oil sectors.
However, the slowdown in industrial growth points to persistent structural and operational challenges that require policy attention to ensure balanced and sustainable economic development.
Moreover, the non-oil sector’s contribution of 95.84% to real GDP underscores its pivotal role as the principal driver of economic activity.
To sustain this growth momentum, the government should implement targeted policies aimed at revitalising the manufacturing and broader industrial sectors. Increased investment in agricultural infrastructure, alongside improved security in farming communities, will be essential to consolidate recent gains in agricultural productivity.
At the same time, maintaining stable crude oil production while fostering a conducive business environment for the services and non-oil sectors will be critical to promoting inclusive and long-term economic growth.
