GDP

President Bola Ahmed Tinubu, in his address on the 1st of October, declared that Nigeria has moved from an economic reform era to an era of prosperity. With this declaration, a simple question has surfaced: What has actually changed since 2023?  

According to the National Bureau of Statistics, electricity, gas, steam and air-conditioning supply contracted 10.63% year on year in real terms in Q2 2026. Q1 recorded a deeper 15.30% decline, extending the sector’s downturn into a second quarter.

Nigeria’s Gross Domestic Product (GDP) grew by 4.43 percent year-on-year in real terms in the second quarter of 2026, according to the latest data released by the National Bureau of Statistics (NBS).

The IMF maintained Nigeria’s 2026 growth forecast at 4.1 percent, citing resilience despite global uncertainty and the impact of the Middle East conflict. Nigeria’s economy expanded by 3.89 percent in Q1 2026, but growth remains concentrated in sectors...

May 26 (THEWILL) — Nigeria’s trade sector accounted for 17.89 percent of the country’s Gross Domestic Product (GDP) in the first quarter of 2026, reinforcing its position as one of the largest drivers of economic activity despite persistent macroeconomic...

March 02, (THEWILL) — Nigeria's real Gross Domestic Product (GDP) recorded a year-on-year growth of 4.07 percent in the fourth quarter of 2025, which is being hailed as the highest quarterly growth rate since Q4 2024. However, this figure...

February 28, (THEWILL) — Nigeria’s economy sustained its growth momentum in the fourth quarter of 2025, with Gross Domestic Product (GDP) rising by 4.07 percent in real terms, while full-year expansion settled at 3.87 percent, according to the...

January 28, (THEWILL) — One of Nigeria’s notable policy groups, the Independent Media and Policy Initiative (IMPI) has said that the new economic model deployed by the President Bola Tinubu administration is bound to drive the country’s GDP higher...

December 07, (THEWILL) — A disturbing image has emerged regarding Nigeria's looming food crisis. This situation indicates a perilous trend that jeopardises the expansion of the Gross Domestic Product (GDP) and the stability of foreign exchange, among other notable...

December 02, (THEWILL) — Nigeria’s economy expanded by 3.98 percent in the third quarter of 2025, supported largely by stronger-than-expected performance in the agricultural and industrial sectors, according to newly released data from the National Bureau of Statistics...