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Nigeria’s Economy Hits 4.43% Growth as FG Pushes $1tn GDP Target

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By Gloria

Nigeria’s economy expanded by 4.43 per cent in real terms in the second quarter of 2026, strengthening the Federal Government’s push to build a $1 trillion economy by 2030.

The latest figure, released by the Federal Ministry of Finance on Tuesday, represents an improvement on the 4.23 per cent recorded in the second quarter of 2025 and 3.89 per cent in the first quarter of 2026.

According to the ministry, performance showed that the economy was gaining momentum, with growth spreading across more sectors.

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“The strong Q2 2026 outturn lifted real GDP growth for the first half of 2026 to 4.16 per cent, up from 3.68 per cent in the corresponding period of 2025, a clear signal of sustained strengthening across the economy,” the statement read.

According to the ministry, 27 economic subsectors recorded real growth above three per cent during the quarter, compared with 23 subsectors in Q2 2025.

“Growth is also becoming more broad-based.

It added: “In Q2 2026, 27 economic subsectors recorded real growth above 3.0 per cent, up from 23 subsectors in Q2 2025, showing that expansion is no longer concentrated in a handful of industries,” the ministry said.

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The productive sectors recorded notable improvements, with manufacturing, agriculture and services all posting stronger growth than in the corresponding period of 2025.

“Manufacturing grew by 3.24 per cent, more than double the 1.60 per cent recorded in Q2 2025, reflecting improved industrial output.

“Agriculture expanded by 4.39 per cent, up from 2.82 per cent, underscoring stronger production and value-chain performance,” the ministry stated.

The services sector, which remains the largest contributor to economic activity, also recorded stronger growth.

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“Services, the largest driver of growth, expanded by 4.60 per cent, up from 3.94 per cent,” it said.

The ministry also pointed to the relative stability and appreciation of the naira as another factor boosting Nigeria’s economic performance in dollar terms.

“The naira appreciated by more than 12 per cent between H1 2025 and H1 2026, resulting in an expansion of the economy by approximately 17 per cent in U.S. dollar terms over the period,” it noted.

The ministry said the trend, if sustained alongside the government’s social programmes, could have a direct impact on household incomes and living standards.

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It said the pace of growth “will meaningfully strengthen dollar incomes, improve purchasing power and lift millions of Nigerians out of poverty”.

With the latest figures, the government said Nigeria was now better positioned to pursue its ambitious $1 trillion economic target.

“Given this momentum, Nigeria is well positioned to consolidate its standing among Africa’s largest economies and to advance toward the Government’s target of a USD 1 trillion economy by 2030,” it said.

The ministry also cited the International Monetary Fund’s projection that Nigeria would rank among the top 10 contributors to global real GDP growth in 2026 and account for roughly 1.5 per cent of world growth.

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It said sustained reforms and policy consistency will be critical to keeping the momentum going.

“These results underscore the importance of sustaining our reforms and ensuring policy consistency as their benefits begin to reach households across the country.

“The Government remains focused on accelerating inclusive growth and translating these macroeconomic gains into shared prosperity for every Nigerian family,” the statement further read.”

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Peter Obi Berates Tinubu For Asking U.S. Court To Withhold Records

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The 2027 presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has slammed President Bola Tinubu over his legal bid to prevent the release of records held by United States law enforcement agencies concerning past investigations involving him.

Obi, who described the development as “profoundly embarrassing,” argued that a sitting president should have the courage to confront questions surrounding his past rather than seek to shield such records from public scrutiny.

In a statement issued on Monday while reflecting on the state of the country, the former governor of Anambra state said his loyalty to Nigeria remained unwavering, adding that he had never sought citizenship of another country despite opportunities to do so.

He said he was saddened by the direction Nigeria was taking, particularly the example being set by those occupying positions of authority.

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“It is profoundly embarrassing that we have reached a point where a sitting President is asking a foreign court to withhold records concerning his past, particularly records relating to matters of legitimate public interest,” Obi said.

According to him, leadership requires “courage and humility” to confront one’s history, acknowledge mistakes, explain controversial issues and apologise where necessary.

Obi noted that questions concerning a leader’s educational background, particularly foundational schooling at the primary and secondary levels, should not remain unresolved or be addressed mainly through legal proceedings.

“Nigerians deserve clear, credible, and verifiable explanations, especially when such had been submitted in the past,” he said.

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The former governor said the issue was particularly significant because of the example it could set for millions of young Nigerians in schools.

He maintained that the Presidency should represent integrity, accountability, transparency and ethical leadership, insisting that an imperfect past should not necessarily define an individual if the person is willing to confront it honestly.

Obi’s comments followed recent legal proceedings in the United States in which Tinubu asked a federal court to reject efforts by transparency activist Aaron Greenspan to obtain records relating to past investigations involving the Nigerian leader.

Greenspan had instituted a Freedom of Information Act (FOIA) case before the U.S. District Court for the District of Columbia, seeking records from the U.S. Department of Justice, Federal Bureau of Investigation (FBI) and Drug Enforcement Administration (DEA).

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Among the records sought are the FBI’s complete file on Tinubu, including Form 302 interview records relating to the period between 1992 and 1993.

The case also involves records allegedly connected to a 1993 civil forfeiture proceeding in the U.S. concerning approximately $460,000 linked to Tinubu.

Tinubu’s legal team, comprising Christopher W. Carmichael, Victor P. Henderson and Oluwole O. Afolabi, filed a 16-page submission urging the court to protect their client’s privacy interests.

The lawyers argued that the existence of information previously disclosed in connection with the forfeiture proceedings did not amount to a public disclosure of the contents or outcome of any possible criminal investigation.Geographic Reference

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They further maintained that an individual’s privacy interest in government investigative files could remain intact even where portions of such information had previously entered the public domain.

Tinubu’s lawyers urged the court to reject Greenspan’s motion for summary judgment and uphold the FBI and DEA’s withholding of the requested materials under applicable U.S. privacy and transparency law.

Reacting to the broader implications, Obi asked Nigeria’s political class to recognise that political ambitions are temporary, while the country and the values established by its leaders endure.

“When will our political class fully appreciate that individual ambitions are temporary, while the nation endures?” he asked.

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“The Presidency is an office held for a season; the moral standards established by those who occupy it can influence generations.

“Nigeria is greater than any one person, and the integrity of the Republic must always come before the interests of the individual,” he added.

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Intoxicated Pilot Crashes Stolen Plane Near Nuclear Site

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A 24-year-old pilot allegedly stole a plane while drunk and flew towards a nuclear power plant in Hungary, triggering a major emergency response before the aircraft crashed in a sunflower field.

The worrying flight path of the Cessna 172 entered the no-fly zone around Hungary’s largest nuclear power plant and triggered an alert on military radar.

Hungarian air force officials quickly mobilised a task force, with several fighter jets sent to intercept the aircraft.

The mid-air operation lasted only a few minutes before the pilot unexpectedly crash-landed in a sunflower field around four miles from the plant. Aerial footage showed a flattened trail through the sunflowers where the aircraft had bulldozed its way across the field.

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The pilot was uninjured, but the Cessna 172 was left badly damaged after the crash. Police allege that the aircraft had been stolen from Kalocsa Airport. Following the emergency landing, the suspect allegedly attempted to flee the scene on foot, heading along a nearby road.

He was then spotted “in a distressed state” by a passing driver.

Police said the man attempted to take over the driver’s car, forcing the motorist to fight him off.

Officers said the allegedly intoxicated pilot “was stopped in time” before he could take control of the vehicle.

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Police arrested the man at the scene and took him in for questioning.

Officers said testing would establish whether he had been under the influence of alcohol or other substances at the time of the incident.

The nuclear power plant, which supplies around 50 per cent of Hungary’s electricity, was not damaged during the incident.

Police are now investigating how the man allegedly managed to steal the aircraft and take off without being stopped.

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The incident has also raised questions over how the aircraft was able to enter the restricted airspace around the nuclear facility before military authorities responded. It is not the first time an allegedly intoxicated pilot has been arrested.

Earlier this month, an allegedly intoxicated pilot was escorted from a plane by police just minutes before takeoff in Georgia, US.

David Allsop, 52, was removed from his flight in front of stunned passengers and subsequently had his pilot’s licence revoked. After being questioned by police, Allsop reportedly admitted that he had drunk “a few beers” the night before. He then suggested that the smell officers noticed had come from his nicotine gum.

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Strange Island Appears And Then Vanishes In Canadian Reservoir

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A huge floating island covered in trees mysteriously appeared in a Canadian reservoir before vanishing just weeks later, leaving officials unsure where the bizarre landmass has gone.

The strange sighting occurred at British Columbia’s Williston Reservoir, where boaters spotted what appeared to be a fully formed island drifting through the water. The floating mass was enormous, measuring roughly the equivalent of two NFL football fields.

Satellite imagery taken on July 21 confirmed that the unusual landmass was real and showed it floating about 60 miles west of the W.A.C.

Bennett Dam. But by August 5, the island had disappeared from satellite images.

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The utility responsible for managing the reservoir has yet to determine exactly what happened to it.

A spokesperson told CBC that the island may not have sunk at all, suggesting it could have drifted back towards the shoreline or moved into a more sheltered section of the vast reservoir. Officials believe unusually high water levels may have helped tear the island away from the shoreline, after which strong winds could have carried it across the reservoir.

The mysterious disappearance has left the possibility that the huge mass of vegetation is still somewhere on the reservoir, hidden from view. For now, officials have no confirmed explanation for exactly where the floating island ended up meaning the vast reservoir may still be home to a runaway island.

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