Nigeria targets $1tn economy as GDP growth rises to 4.43% – FG
Nigeria’s economy grew by 4.43% in Q2 2026, moving closer to a $1tn GDP by 2030. Discover how broad-based growth and naira appreciation are driving progres Read More: https://punchng.com/nigeria-targets-1tn-economy-as-gdp-growth-rises-to-4-43-fg/
The Federal Government of Nigeria has announced that the country's economy is on track to achieve a $1tn Gross Domestic Product (GDP) by 2030, following a 4.43% growth rate recorded in the second quarter of 2026. This growth, which surpassed the previous quarter's 4.23% and the first quarter's 3.89%, has lifted Nigeria's real GDP growth for the first half of 2026 to 4.16%, according to a statement released by the Federal Ministry of Finance.
The report, released by the National Bureau of Statistics (NBS), highlights that the expansion is becoming more broad-based, with 27 economic subsectors recording growth above 3%, compared to 23 in the previous quarter. Manufacturing, agriculture, and services all contributed to this growth, with the services sector remaining the largest contributor at 56.62% of real GDP.
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