The Federal Ministry of Finance says Nigeria’s economy continued to demonstrate resilience in the second quarter of 2026, with real Gross Domestic Product (GDP) growing by 4.43 per cent year-on-year.

The figure is higher than the 4.23 per cent recorded in the second quarter of 2025 and the 3.89 per cent recorded in the first quarter of 2026.

In a statement, the Ministry said the growth lifted real GDP expansion for the first half of 2026 to 4.16 per cent, compared with 3.68 per cent recorded in the corresponding period of 2025.

It added that economic growth was becoming more broad-based, with 27 economic subsectors recording real growth above three per cent in Q2 2026, compared with 23 subsectors in the same period of 2025.

The productive sectors recorded significant improvements, with manufacturing growing by 3.24 per cent, up from 1.60 per cent in Q2 2025.

Agriculture expanded by 4.39 per cent, compared with 2.82 per cent recorded in the corresponding period of 2025, while the services sector, the largest driver of growth, grew by 4.60 per cent from 3.94 per cent.

The Ministry also said the relative stability and appreciation of the naira contributed to the expansion of the economy in dollar terms.

According to the statement, the naira appreciated by more than 12 per cent between the first half of 2025 and the first half of 2026, resulting in an estimated 17 per cent expansion of the economy in US dollar terms during the period.

The Ministry said the development could strengthen dollar incomes and purchasing power if sustained, while contributing to poverty reduction.

It added that the growth momentum positioned Nigeria to consolidate its place among Africa’s largest economies and advance towards the Federal Government’s target of a one-trillion-dollar economy by 2030.

The Ministry further stated that the International Monetary Fund had ranked Nigeria among the top 10 contributors to global real GDP growth in 2026, projecting the country to account for about 1.5 per cent of global growth.

It said sustained macroeconomic stability, growth across productive sectors and improved investor confidence could accelerate Nigeria’s emergence as Africa’s largest economy by 2028.

The Ministry stressed the need to sustain ongoing reforms and ensure policy consistency, adding that the government remained focused on achieving inclusive growth and translating economic gains into improved living standards for Nigerians.