The National Bureau of Statistics (NBS) has disclosed that Nigeria’s Gross Domestic Product (GDP) grew by 4.43% (year-on-year) in real terms in the second quarter (Q2) of 2026.
NBS said the GDP is higher than the 4.23% recorded in the second quarter of 2025.
“During the quarter under review, agriculture grew by 4.39%, an improvement from the 2.82% recorded in the corresponding quarter of 2025.
“The growth of the industry sector stood at 3.96% from 7.46% recorded in the second quarter of 2025, while the services sector recorded a growth of 4.60% from 3.94% in the same quarter of 2025.
“In terms of share of the GDP, the services sector contributed more to the aggregate GDP in the second quarter of 2026 at 56.62% compared to the corresponding quarter of 2025 at 56.53%.
According to information posted on the NBS website, “in the quarter under review, aggregate GDP at basic price stood at N119,294,681.84 million in nominal terms. This performance is higher when compared to the second quarter of 2025, which recorded an aggregate GDP of N100,730,501.10 million, indicating a year-on-year nominal growth of 18.43%.
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“For better clarity, the Nigerian economy has been classified broadly into the oil and non- oil sectors. The National Bureau of Statistics (NBS) has been conducting Establishment Surveys to provide data for the estimation of the Gross Domestic Product (GDP) for the country.
NBS explained that in 2008, the Bureau started to improve the GDP series by conducting Quarterly Establishment Surveys (QES) for the four quarters of each year to provide timely estimates for decisions and policymaking.
“In 2018, the National Bureau of Statistics (NBS) conducted the Quarterly Establishment Surveys for the first three quarters of 2018 (Q1-Q3/ 2018), while the fourth quarter survey for 2018 was conducted in the first quarter of 2019.
“This compilation procedure is carried out to date, publishing the Q4 GDP report within the first quarter of the new accounting year. It is important to note that the Bureau maintains a publication date of 45 days after the quarter”, NBS stated.
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