National News
BREAKING: Nigeria’s GDP growth slows to 3.89%
Nigeria’s economy recorded a slower growth rate of 3.89 per cent year-on-year in real terms in the first quarter of 2026, according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS).
The figure represents a moderation in economic expansion compared to previous quarters, reflecting slower growth across key sectors of the economy.
The NBS disclosed the development in its Q1 2026 GDP report published on Monday, noting that the economy maintained positive growth despite ongoing domestic and global economic challenges.
The report provides a comprehensive assessment of economic performance across major sectors, including agriculture, industry, and services, which collectively contribute to Nigeria’s overall GDP.
The latest growth figure comes as policymakers continue to monitor the impact of economic reforms, inflationary pressures, exchange rate adjustments, and other macroeconomic factors on economic activity.
Further details from the report are expected to shed more light on the sectors driving growth and those experiencing slower performance during the period under review.
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