Nigeria’s GDP Growth Slows to 3.89% in First Quarter

African outlets describe Nigeria’s 3.89% Q1 2026 growth as a mixed result, with slower overall expansion but clear strength in services, agriculture, telecoms and finance. They stress that banks, insurers and other non-oil industries are becoming more important as oil output and revenue weaken. Many expect Abuja to lean harder on tax reforms and support for non-oil sectors to keep growth close to 4%.

• •Nigerian newspapers link the easing in Q1 2026 GDP growth to weaker oil sector performance.
• •Reports highlight that banks and insurers lifted their GDP contribution by 8.5% to ₦1.93 trillion.
• •Commentary in Lagos outlets says services and telecoms are now the main engines of growth.
• •Coverage argues that the federal government must deepen non-oil revenue collection to manage its budget.
• •Business pages warn that continued oil weakness could limit public investment unless non-oil growth accelerates further.