Nigeria’s real Gross Domestic Product (GDP) grew by 4.43 per cent year-on-year in the second quarter of 2026, marking an improvement from the 4.23 per cent recorded in the same period of 2025 and the 3.89 per cent growth posted in the first quarter of 2026.

The latest performance pushed GDP growth for the first half of 2026 to 4.16 per cent, compared with 3.68 per cent in the corresponding period of 2025, reflecting continued expansion across key sectors of the economy.

According to the government, economic growth became more broad-based during the quarter, with 27 subsectors recording real growth above 3.0 per cent, up from 23 subsectors in the second quarter of last year.

The manufacturing sector recorded 3.24 per cent growth, more than double the 1.60 per cent posted in Q2 2025. Agriculture expanded by 4.39 per cent, while the services sector, the largest contributor to the economy, grew by 4.60 per cent.

The government also attributed part of the improved economic performance to relative stability in the foreign exchange market, noting that the naira appreciated by more than 12 per cent between the first half of 2025 and the first half of 2026.

It said the exchange rate improvement contributed to an estimated 17 per cent expansion of the economy in U.S. dollar terms over the period, adding that sustained growth and social intervention programmes could strengthen purchasing power and reduce poverty.

The statement said the current growth trajectory positions Nigeria to strengthen its place among Africa’s largest economies and supports the Federal Government’s goal of building a $1 trillion economy by 2030.

It also noted that the International Monetary Fund has ranked Nigeria among the top 10 contributors to global real GDP growth in 2026, projecting the country to account for about 1.5 per cent of world economic growth this year.

The government said it remains committed to maintaining macroeconomic stability, deepening reforms and ensuring that economic growth translates into improved living standards and shared prosperity for Nigerians.