Nigeria’s economy recorded a growth rate of 3.89% in the first quarter of 2026, according to the latest macroeconomic data, reflecting modest expansion across key sectors.

The report shows that the growth was driven mainly by improvements in services, agriculture, and selected non-oil industries, which continued to support overall economic activity.

Manufacturing and trade also contributed to the expansion, as supply chain conditions and consumer activity showed gradual improvement during the period.

Economists say the figure suggests a steady recovery trend, although challenges such as inflation, exchange rate pressure, and high operating costs remain key concerns for businesses.

The oil sector’s performance remained mixed, with fluctuations in production levels still affecting overall output contributions to GDP.

Policy analysts note that sustained growth will depend on structural reforms, improved infrastructure, and stability in key economic indicators.

The data adds to ongoing discussions about Nigeria’s economic direction as policymakers continue efforts to strengthen growth and attract investment.