Nigeria’s GDP Slows to 3.89% in Q1, Driven By Services Sector
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• Non-oil sector contributed 96.08%, oil 3.92%
• Oil production drops to 1.55 million barrels per day
James Emejo in Abuja
The country’s Gross Domestic Product (GDP) growth rate declined to 3.89 per cent in the first quarter of the year (Q1 2026) compared to 4.07 per cent in the preceding quarter, the National Bureau of Statistics (NBS) revealed yesterday.
However, year-on-year, GDP was higher than the 3.13 per cent recorded in Q1 2025.
Growth was led by the services sector which
• Oil production drops to 1.55 million barrels per day
James Emejo in Abuja
The country’s Gross Domestic Product (GDP) growth rate declined to 3.89 per cent in the first quarter of the year (Q1 2026) compared to 4.07 per cent in the preceding quarter, the National Bureau of Statistics (NBS) revealed yesterday.
However, year-on-year, GDP was higher than the 3.13 per cent recorded in Q1 2025.
Growth was led by the services sector which
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