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Nigeria’s Economy Records Stronger Growth as GDP Rises 4.43% in Q2

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Taiwo Oyedele

Nigeria’s Economy Records Stronger Growth as GDP Rises 4.43% in Q2

Nigeria’s economy recorded stronger growth in the second quarter of 2026, with real Gross Domestic Product (GDP) expanding by 4.43 per cent year-on-year, according to the Federal Ministry of Finance.
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The latest growth figure represents an improvement from the 4.23 per cent recorded in the corresponding quarter of 2025 and the 3.89 per cent achieved in the first quarter of 2026.

The ministry, in a statement issued in Abuja on Tuesday, said the Q2 performance pushed real GDP growth for the first half of 2026 to 4.16 per cent, compared with 3.68 per cent recorded in the same period of 2025.
It said the growth was becoming increasingly broad-based, noting that 27 economic subsectors recorded real growth above three per cent in Q2 2026, compared with 23 subsectors in Q2 2025.

According to the ministry, key productive sectors contributed significantly to the improved performance.
Manufacturing grew by 3.24 per cent in Q2 2026, more than double the 1.60 per cent recorded in Q2 2025, reflecting an improvement in industrial output.

Agriculture also expanded by 4.39 per cent, up from 2.82 per cent in the corresponding quarter of 2025, while the services sector, the largest contributor to economic growth, recorded 4.60 per cent growth, compared with 3.94 per cent previously.

The ministry further attributed part of the improvement in the economy’s dollar value to the relative stability and appreciation of the naira.

It said the naira appreciated by more than 12 per cent between the first half of 2025 and the first half of 2026, contributing to an estimated 17 per cent expansion of Nigeria’s economy in U.S. dollar terms over the period.

The ministry said sustained growth, coupled with the Federal Government’s social programmes, could strengthen dollar incomes, improve purchasing power and help lift millions of Nigerians out of poverty.

It added that the latest economic performance placed Nigeria in a stronger position to consolidate its status among Africa’s largest economies and move towards the Federal Government’s target of achieving a $1 trillion economy by 2030.

The ministry also cited projections by the International Monetary Fund (IMF), which ranked Nigeria among the top 10 contributors to global real GDP growth in 2026.

According to the statement, the IMF projects Nigeria to account for about 1.5 per cent of global economic growth in 2026, placing the country ahead of several advanced and emerging economies.

The Federal Ministry of Finance said continued macroeconomic stability, sustained expansion across productive sectors and improved investor confidence could accelerate Nigeria’s ambition of becoming Africa’s largest economy by 2028.

Taiwo Oyedele

Taiwo Oyedele

It stressed the need for policy consistency and sustained economic reforms, saying the objective was to ensure that the benefits of improved macroeconomic performance translate into better living conditions and shared prosperity for Nigerians.
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Akwa Ibom

Aviation Development: FUTIA Deepen Commitment to Partner Ibom Air

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FUTIA

Aviation Development: FUTIA Deepen Commitment to Partner Ibom Air

The Vice Chancellor of Federal University of Technology Ikot Abasi(FUTIA), Professor Leo Daniel has pledged the commitment of the University to partner airlines operating in the country through the training of man-power needs in the aviation industry.
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The FUTIA Vice Chancellor made the remarks on behalf of the University on Tuesday 1st September 2026 during the official reception/Water Canon Ceremonies for the Brand-New Airbus A220-300 Series Aircraft procured by the Akwa Ibom State Government for Ibom Air held at the Victor Attah International Airport, Uyo, Akwa Ibom State

“As Ibom Air is expanding and increasing her fleets, routes and operations, the Federal University of Technology Ikot Abasi (FUTIA), is strategically positioned and committed to training various categories of man-power needed to drive the aviation sector”, the FUTIA VC stressed.

“Our flagship degree programme in the University is Aerospace Engineering and we are positioned to playing critical role in the growth of the industry to exemplify Institutional-industry collaboration”, the VC added.

Professor Daniel who is the first Professor of Aeronautical and Astronautical Engineering in Nigeria used the occasion to congratulate the Akwa Ibom government led by the Governor, His Excellency Pastor Umo Eno and the management of Ibom Air for the huge investment in the aviation sector which has given Ibom Air a pride of place in the sub national and the nation at large with increasing international routes, service and value addition to stakeholders.

The University Don expressed the readiness of the Institution to partner Ibom Air and the Ministry of Aviation and Aerospace Development (at the State and federal levels) to advance the frontiers of government’s vision in the sector.

The Vice Chancellor seized the opportunity to woo investors and stakeholders to partner the University in her ongoing efforts to establish an Aerodrome for the training, retraining, learning and research by the students of the flagship Aerospace Engineering in the University and other players in the sector with a view to growing indigenous man-power for the sector.

FUTIA

Ibom Air

Meanwhile, the Vice Chancellor has on behalf of the Management and the University community congratulated the government and people of Akwa Ibom State on the commissioning of Thirty Nine (39) Life-touching projects as parts of ceremonies for the 39th Anniversary Celebration of the Akwa Ibom State creation.

FUTIA Information and Public Relations Directorate
01092026
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Economy

Enhancing Credible and Data-driven Macro-Assumptions for Budgeting and Economic Management

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Taiwo Oyedele

Enhancing Credible and Data-driven Macro-Assumptions for Budgeting and Economic Management

The Federal Ministry of Finance and the Federal Ministry of Budget and Economic Planning convened a Macroeconomic Data and Assumptions Validation Workshop on 29 August 2026, bringing together key fiscal and monetary data institutions across government.
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The objective is to ensure that Nigeria’s economic planning and budgeting is anchored on credible data, realistic assumptions and transparent methodologies.

A review of previous budget cycles showed significant gaps between some macroeconomic assumptions and actual outcomes, particularly for oil production and revenue. The workshop therefore agreed on measures to strengthen forecasting, improve coordination and reduce optimism bias in future budgets.

Key resolutions include:

Establishing a Standing Committee on Macroeconomic Data and Assumptions to provide validation, continuous review and report to the Economic Management Team.

Creating a central data repository so that government institutions work from a single, consistent set of economic data and assumptions.

Developing a unified national data reporting framework with standard definitions for revenue, expenditure and borrowing.

Strengthening fiscal and monetary policy coordination and improving the timeliness and quality of key national statistics, including employment, productivity and producer-price data.

Taiwo Oyedele

Taiwo Oyedele

Subjecting the assumptions underpinning the MTEF/FSPand Budget to stronger methodology, sensitivity analysis and scenario testing before finalisation.
This is part of the government’s broader commitment to improve fiscal transparency, accountability and evidence-based economic management.

Better data leads to better assumptions. Better assumptions lead to better planning. And better planning should ultimately translate into better economic outcomes for Nigerians.
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Full Details: Air Force Opens 2026 Recruitment for Tradesmen, Non-tradesmen

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Air Force

Full Details: Air Force Opens 2026 Recruitment for Tradesmen, Non-tradesmen

The Nigerian Air Force has announced the commencement of its 2026 recruitment exercise for qualified Nigerians seeking enlistment as tradesmen/women and non-tradesmen/women.
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The NAF, in a notice posted on its X handle on Wednesday, said the online application would be available from September 3 to October 14, 2026.

The notice read, “NAF Basic Military Training Course (BMTC) 47/2026 Recruitment Exercise is scheduled to commence on 3 September 2026, with online registration opening for suitably qualified Nigerians interested in joining the Service as Tradesmen/Women and Non-Tradesmen/Women.

“The registration is FREE OF CHARGE, and prospective applicants are advised to carefully review the eligibility requirements and application guidelines before submitting their applications.”

For full details, applicants are urged to visit the Force’s recruitment portal at https://nafrecruitment.airforce.mil.ng

NAF said applicants for tradesmen/women must be between 18 and 27 years old by March 1, 2027, while non-tradesmen/women applicants must be between 18 and 22 years old by the same date.

According to the notice, applicants must be Nigerian citizens by birth, with a minimum height of 1.66 metres for males and 1.63 metres for females.

Applicants must also be medically, physically and psychologically fit and meet the NAF’s medical and employment standards.

The notice added that applicants for driving and other trades requiring a Trade Test must possess the relevant Trade Test certificate and meet the applicable SSCE requirements, while drivers must also have a valid driving licence.

For non-tradesmen/women, applicants must possess a minimum of five credits, including Mathematics and English, in the relevant examinations. They are also required to possess Primary School Certificates and Secondary School Testimonials.

The NAF said successful applicants would be required to complete an Acknowledgement Form, Parent/Guardian Consent Form and Local Government Area Attestation Form.

It said the attestation form could be signed by a military officer from the applicant’s state of origin not below the rank of Wing Commander in the NAF or equivalent rank in the Nigerian Army or Navy; a police officer of the rank of Chief Superintendent of Police or above; a substantive local government chairman or secretary; or a magistrate from the applicant’s state of origin.

Air Force

Air Force

The attestation form must be accompanied by the applicant’s passport photograph and a photocopy of the signatory’s driver’s licence, National Identity Card or international passport.

The Air Force said the zonal general aptitude test for successful applicants would hold on a date to be communicated through the recruitment portal, adding that only successful candidates would be invited for interview.
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