Real estate contributed 12.71% of Nigeria's GDP in Q2 2026, NBS data show
Written on
Nigeria's real estate sector accounted for 12.71 per cent of real GDP in the second quarter of 2026, ranking third behind trade and crop production, according to the latest National Bureau of Statistics GDP report.
Nigeria's real estate sector contributed 12.71 per cent to the country's real Gross Domestic Product in the second quarter of 2026, ranking third among the economy's top activities as overall GDP growth reached 4.43 per cent, the latest National Bureau of Statistics (NBS) report shows.
Trade contributed 17.93 per cent of real GDP and crop production 17.66 per cent, with real estate following at 12.71 per cent. The sector's share declined slightly from 13.10 per cent in the first quarter of 2026.
Despite the lower share, real estate recorded real growth of 3.76 per cent in the second quarter. That was slightly below the growth recorded in the same period of 2025 but an improvement of 1.47 percentage points on the first quarter of 2026.
The services sector remained the largest contributor to aggregate GDP at 56.62 per cent, marginally above the 56.53 per cent recorded in the second quarter of 2025. Agriculture grew by 4.39 per cent, up from 2.82 per cent a year earlier, while the industries sector grew by 3.96 per cent and services by 4.60 per cent.
The NBS figures come as Nigeria continues to face significant demand for housing and property across major urban centres, with population growth, urbanisation and demand for residential and commercial space creating opportunities for developers, investors and landlords. Real estate activity is also closely linked to construction, financial services, building materials, professional services, property management and infrastructure development.