Commerce, Agriculture and Digital Boom Fuel Nigeria’s Q1 2026 Growth

Nigeria’s economy in the first quarter of 2026 saw a clear shift away from oil. Trade led with a 17.89% share of real GDP, followed closely by crop production at 17.38%. Real estate contributed 13.10%, while telecommunications and information services added 9.19%. Together, these four sectors accounted for more than 57% of total output, underscoring the rising importance of commerce, agriculture, property and digital infrastructure. By contrast, crude oil and natural gas made up only 3.92%. Analysts highlight that expanding trade networks, fintech platforms and urban property demand are driving this diversification. Experts caution that inflation, infrastructure gaps and currency instability could temper long-term gains if not addressed.

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