GDP growth offers mixed outlook – NECA

 
By Florence Onuegbu

The Nigeria Employers’ Consultative Association (NECA) has described Nigeria’s 4.43 per cent GDP growth in Q2 2026 as a mixed outlook for employers.
 
 
NECA Director-General, Mr Adewale-Smatt Oyerinde, said this in a statement on Tuesday in Lagos, reacting to the latest National Bureau of Statistics (NBS) report.
 
 
Oyerinde said the growth was encouraging, but cautioned that it did not represent a full economic recovery.
 
 
“It is, however, not a sign of full recovery but gradual recovery,” he said.
 
 
He said the economy’s direction remained positive, with growth strengthening for the second consecutive quarter and indicating renewed economic momentum.
 
 
The 43 per cent expansion represented the strongest quarterly growth recorded since Q3 2024.
 
 
Oyerinde acknowledged the gradual recovery of key economic sectors but warned that regulatory challenges could undermine the gains achieved by organised businesses.
 
 
“A major concern remains the distortion between the GDP figures and the real conditions of businesses…