16/12/2025
📊 PUKKA Forecast:
Nigeria’s growth outlook continues to strengthen as key non-oil sectors expand. Recent NBS data highlights the industries currently driving performance and well-positioned to anchor the economy in 2026:
1. Services Sector
The services sector remains Nigeria’s strongest performer, contributing 53.02% of GDP in Q3 2025. Growth in telecommunications, financial services, and trade continues to provide stability and scale, making it a major driver heading into 2026.
2. Agriculture
Agriculture contributed 31.21% to GDP in Q3 2025, with crop production maintaining its dominance. Despite ongoing challenges, the sector remains essential to employment, food security, and rural economic activity, positioning it as a key pillar for growth in 2026.
3. Non-Oil Industry & Manufacturing
Nigeria’s non-oil sector accounted for 95.95% of GDP in Q2 2025, driven by manufacturing, construction, metal ore mining, and energy-related activities. These signals continued diversification and stronger industrial participation.
4. Trade & Real Estate
Trade contributed over 15% of GDP in Q2 2025, supported by resilient consumer spending and a robust retail sector. Real estate also remains active, as urban development continues to fuel commercial and residential investment.
5. Energy & Gas
Gas development and electricity reforms are gaining momentum, supported by government measures to boost power supply and resolve gas payment backlogs. This sector is expected to attract significant investment through 2026.
Nigeria recorded 3.98% GDP growth in Q3 2025, with the non-oil economy driving performance. As investment expands across services, agriculture, manufacturing, and gas, these sectors are well-positioned to lead Nigeria’s economic direction in 2026.
