President Bola Ahmed Tinubu on Monday welcomed the latest Gross Domestic Product (GDP) performance figures released by the National Bureau of Statistics (NBS), which showed that Nigeria’s economy expanded by 4.43 per cent in real terms during the second quarter of 2026.
​The new figure represents an upward trajectory from the 4.23 per cent growth recorded in the second quarter of 2025, signaling sustained recovery driven by ongoing macroeconomic and structural reforms.
​Reacting to the report from the State House in Abuja on Monday afternoon, Special Adviser to the President on Information and Strategy, Bayo Onanuga, issued an official press statement conveying the President’s optimism regarding the national economic outlook.
​”President Bola Tinubu welcomes the Q2 2026 GDP report as further evidence that our bold reform agenda is bearing tangible fruit,” stated Bayo Onanuga. “The President reassures all Nigerians that the administration remains steadfast in its mandate to deliver inclusive growth, stabilize key sectors, and restore long-term fiscal health to the nation.”
​The National Bureau of Statistics officially published the “Nigerian Gross Domestic Product (GDP) Report Q2 2026” at its headquarters in Central Business District, Abuja, detailing performance across major sectors:
The Agriculture sector rebounded strongly to 4.39 per cent growth in Q2 2026, up from 2.82 per cent recorded in Q2 2025.
Services Sector: Expanded by 4.60 per cent compared to 3.94 per cent in the corresponding quarter of 2025, accounting for 56.62 per cent of aggregate GDP.
Oil Sector & Production, Crude oil production reached a four-year peak average of 1.72 million barrels per day (mbpd), up from 1.68 mbpd in Q2 2025 and 1.55 mbpd in Q1 2026.
Industrial Sector recorded a moderate growth rate of 3.96 per cent, slowing down relative to 7.46 per cent recorded in the second quarter of 2025.
Non-Oil Sector grew by 4.31 per cent, largely driven by crop production, telecommunications, financial services, real estate, and trade.
​The Administration reiterated its pledge to sustain policies aimed at curbing food costs, boosting power grid resilience, and expanding credit access to small businesses to ensure that macroeconomic performance translates into better living conditions for all citizens.
