- Nigeria’s growth slows despite three years of painful economic reforms
- Weak oil production exposes fragility beneath apparent macroeconomic stability
LAGOS, NIGERIA — Nigeria’s economic growth slowed in the first quarter of 2026, casting fresh doubt over whether President Bola Ahmed Tinubu’s sweeping reform programme is generating the broad-based recovery the government has repeatedly promised.
Africa’s largest oil producer expanded by 3.89% year-on-year in the first three months of the year, according to figures released Monday by the National Bureau of Statistics (NBS). The performance marked a slowdown from the 4.07% growth recorded in the final quarter of 2025, although it remained stronger than the 3.13% achieved during the same period last year.
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