Nigeria’s economy recorded stronger growth in the second quarter of 2026, with real Gross Domestic Product (GDP) expanding by 4.43% year-on-year, according to the Nigerian Economic Summit Group (NESG).
The latest figure represents an improvement from the 4.23% growth recorded in the second quarter of 2025, pointing to continued expansion across parts of the Nigerian economy. However, NESG said the performance remains uneven, with only eight sectors recording growth above 5% during the quarter.
The report highlighted differences in performance across key areas of the economy, including agriculture, manufacturing and services. While some sectors continued to expand at relatively strong rates, others recorded more moderate growth, underscoring the varying impact of current economic conditions on businesses and households.
The Q2 2026 GDP performance comes amid ongoing efforts to strengthen economic activity, attract investment and improve productivity. Businesses continue to contend with issues including energy costs, access to finance, infrastructure constraints and changing consumer demand.
The NESG’s latest assessment provides an indication that economic activity is growing, but the distribution of that growth remains a major issue. Stronger performance in individual sectors does not necessarily translate into equal gains across the wider economy.
The report is therefore expected to renew discussions around policies aimed at supporting productive sectors, encouraging private-sector investment and ensuring that economic expansion translates into broader employment and income opportunities.
Nigeria’s GDP figures remain an important indicator for investors, businesses and policymakers as the country continues to navigate its ongoing economic reforms.
