Nigeria’s real GDP growth slowed to 3.89% year-on-year in Q1 2026, down from 4.07% in Q4 2025, the National Bureau of Statistics reported.
The Q1 figure was still higher than the 3.13% recorded in Q1 2025. The services sector contributed the largest share of GDP at 57.73%.
Oil sector growth fell sharply to 2.57% in Q1 2026, a 4.22 percentage point drop from 6.79% in Q4 2025.
NBS attributed the decline to lower crude production, which averaged 1.55 million barrels per day. That was 0.06 mbpd below Q1 2025 and 0.03 mbpd below Q4 2025.
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