NIGERIAUSD/NGN official ₦1,346.86USD/NGN parallel ₦1,385sellEUR/NGN ₦1,507.54crossGBP/NGN ₦1,806.95crossReserves $55.07bn9 Oct364-day T-bill 15.80%▼ from 15.85%91-day T-bill 15.40%MPR 23.00%-3.50 ptsInflation 14.63%▼ 0.76ppGDP Q2 4.43%NGX ASI 252,882.78▲ 1.65%NGX mkt cap ₦164.19trnGLOBALCrude oil $99.70▼ 4.25%Gold $3,910.60▲ 0.30%EUR/USD 1.1193▲ 0.68%GBP/USD 1.3416▲ 0.40%US 10-yr 4.91%0.00S&P 500 7,580.07▼ 1.82%FTSE 100 10,720.07▼ 0.09%
Home / Industries

Industries

Size, growth and the forces behind twelve sectors of the Nigerian economy, from farming and oil to telecoms, finance and film. Figures from the National Bureau of Statistics and sector regulators.

Services make up more than half of output

Shares of real GDP and real year-on-year growth, Q2 2026. Nigeria rebased its GDP to a 2019 base year in July 2025, which raised the weight of services and agriculture.

+4.43%Real GDP growth, Q2 2026The fastest in five years; 3.89% in Q1 2026
₦431.18trnNominal GDP, 2025NBS full-year data, March 2026
56.62%Services, share of real GDPGrowing 4.60%
26.15%Agriculture, share of real GDPGrowing 4.39%
17.23%Industry, share of real GDPGrowing 3.96%
95.84%Non-oil share of real GDPNon-oil growth 4.31%
Share of real GDP by broad sector, Q2 2026
Source: National Bureau of Statistics, GDP Q2 2026 · Q2 2026 Data table Download CSV Excel
Real GDP growth by year (rebased series)
Source: National Bureau of Statistics, GDP rebasing report (July 2025) and full-year 2025 GDP data · 2019–2025 Data table Download CSV Excel

Ten activities make up four-fifths of the economy

Trade, crop production and real estate together account for almost half of real GDP.

Share of real GDP, Q2 2026
Source: National Bureau of Statistics, GDP Q2 2026, as reported by BusinessDay and Nairametrics · Q2 2026 Data table Download CSV Excel
Nominal output, 2024 and 2025 (₦ trillion)
Source: National Bureau of Statistics, as reported by Nairametrics (20 Mar 2026) · 2024–2025 Data table Download CSV Excel

Which sectors are growing fastest?

Real year-on-year growth for each sector against the economy as a whole. Periods are Q2 2026 unless marked.

Whole economy+4.43%
Creative and entertainment+11.93%
ICT and telecoms+10.38%
Transport and logistics (Q3 2025)+9.87%
Banking and finance+8.35%
Oil and gas+7.31%
Construction+6.75%
Agriculture+4.39%
Real estate+3.76%
Manufacturing+3.24%
Trade+2.40%
Electricity and power−10.63%

Banking and finance shows financial institutions; solid minerals is left out because the NBS reports its parts separately (coal mining +74.89%, metal ores +20.18%, quarrying −39.13%).

Explore each sector

Size, growth, what drives it, who regulates it and what to watch.

Sources: National Bureau of Statistics GDP reports (Q2 2026 and full-year 2025), as reported by BusinessDay, Nairametrics and Premium Times; sector regulators. Download the data.

Subscribe to the Eco DataPlace Weekly

Every Monday: the figures that moved, what they mean for households and businesses, and the week ahead.

Your details We email only what you signed up for. Unsubscribe at any time with one click.