Non-Oil Sectors Propel Nigeria’s GDP to 3.9% Growth in Q1 2026
Nigeria’s economy expanded by 3.89% in real terms during the first quarter of 2026, up from 3.13% in the same period last year. This stronger performance came despite persistent inflation and a drop in crude oil output. The non-oil sector led the surge, contributing 96.08% to total real GDP. Key drivers included telecommunications, agriculture, trade, construction and financial services. Nominal GDP at basic prices reached ₦110.79 trillion, a 17.79% year-on-year increase. Telecommunications and information services recorded the highest growth at 10.98%. Agriculture grew by 3.15%, while trade, real estate, finance and construction also posted solid gains. The oil sector managed 2.57% growth despite average daily production falling to 1.55 million barrels. Some industries saw mixed results. Arts and entertainment expanded by 11.25%, but electricity and gas supply contracted by 15.30%. Education grew modestly at 1.22%. According to the National Bureau of Statistics, the top contributors in Q1 included trade, crop production, real estate and telecoms.
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