Nigeria's Economy Opens 2026 on Stronger Footing; GDP Expands by 3.89% YoY in Q1 - Tekedia

Nigeria’s economy grew 3.89% year on year in Q1 2026, up from 3.13% a year earlier.

Growth was led mainly by non-oil sectors, especially services and agriculture, while oil output stayed below last year’s level.

The data suggests reforms under Bola Tinubu may be supporting growth, but inflation and high costs are still weighing on the recovery.