Nigeria's economy grows at fastest pace in five years

President Bola Tinubu has overseen a turnaround of Africa’s third-largest economy.

By Innocent Anaba The Federal Ministry of Finance said yesterday that Nigeria’s economy continues to demonstrate resilience and accelerating growth with the second quarter of 2026 real Gross Domestic Product (GDP) expanding by 4.43 percent year-on-year, up from 4.23 per cent in Q2 2025 and 3.89 percent in Q1 2026. The

Nigeria’s economy grew by 4.43 per cent year-on-year in real terms in the second quarter of 2026, higher than the 4.23 per cent recorded in the corresponding period of 2025, the National Bureau of Statistics said on Monday. The figure also represents an improvement from the 3.89 per cent growth recorded in the first qu

Nigeria’s economy expanded faster in the second quarter of 2026, supported by improved performances in the oil and non-oil sectors, although industrial growth slowed compared with a year earlier.