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Nigeria’s Economy Grows by 1.81% in Q3 – NBS

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The National Bureau of Statistics (NBS) on Monday released the country’s Gross Domestic Product (GDP) report for the third quarter with the economy recording a growth rate rise to 1.81 per cent.

Gross Domestic Product is the monetary measure of the market value of all the final goods and services produced in a period of time, usually annually or quarterly.

According to details of the Nigerian Gross Domestic Product Report (Q3, 2018 ) released by the bureau on Monday, there is an increase of 0.64 per cent points, compared to the third quarter of 2017, which recorded a growth of 1.17 per cent.

In nominal terms, the report put the value of the country’s economic output during the third quarter at N33.36 trn which it rated high, when compared to the third quarter 2017 GDP output of N29.37 trn.

“This performance is higher when compared to the third quarter of 2017 which recorded a GDP aggregate of N29, 377, 674. 03 million thus, presenting a positive year on year nominal growth rate of 13.58%”.

“This growth rate is higher relative to growth recorded in the third quarter of 2017 by 2.88% points and higher than the proceeding quarter by 0.01% points with growth rates of 10.70% and 13.57% respectively. For clarity, the Nigerian economy has been classified broadly into the oil and non-oil sectors.”

Lukman Otunuga, a research analyst at FXTM, a finance firm, said confidence over the recovery of Nigeria’s economy is set to become a dominant theme following reports of the nation’s economic growth accelerating during the third quarter of 2018.

“Nigeria’s GDP expanded by 1.81 per cent in the third quarter, which represents an encouraging 0.31 per cent rise from the 1.50 per cent achieved in quarter two.

“Although the primary driver behind the economic expansion was rising oil production and elevated oil prices, signs of Non-Oil sectors contributing to growth is a welcome development.

“With the Non-Oil sector growing by 2.32 per cent in real terms during quarter three, Nigeria continues to showcase to the global arena that it remains on a quest to break away from oil reliance.”

He said with economic growth expected to gain momentum next year on the back of increasing government spending ahead of the presidential elections, Nigeria’s outlook remains encouraging.

“OPEC’s deal to cut oil production by 1.2 million barrels a day is seen offering near-term support to oil – a scenario that will most likely support Nigeria’s government revenues and the Naira exchange,” he said.

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Statement on the State of the Nation by Some Concerned Nigerians

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We are a group of concerned Nigerians, alarmed at increasing threats to the Nigerian Nation and desirous of sharing our concerns with fellow citizens.

Our assessment of the state of the Nation reveals that Nigeria stands at a dangerous crossroads where rising insecurity, an alarming level of electoral manipulation by government, and the weakening of democratic institutions are converging into a national crisis that threatens the country’s survival.

Nigeria faces a grave threat to its foundational constitutional principle of the separation of powers. Checks and balances between the branches of government have been imperilled.

The legislative branch has been placed under near total control of the executive branch. The judiciary appears to have lost both its independence and its integrity. There are no checks on the powers of the executive who now govern as they please without accountability or respect for the people’s concerns.

Institutions have been compromised, weakened, and subordinated to the interests of the executive arm of government. This erosion of institutional independence has fuelled public distrust to its highest level in our history creating a crisis of political exclusion and impunity that is pushing violent extremism, organized crime, and communal conflict to a tipping point.

To reverse this trajectory, Nigeria must urgently recommit to democratic accountability, judicial independence, and institutional reforms that strengthen the rule of law. The electoral processes must be transparent, credible, and insulated from executive interference.

The crisis in Nigeria cannot be separated from the broader instability engulfing the Sahel region. The spread of terrorism, arms trafficking, unconstitutional changes of government, and porous borders across countries such as Mali, Burkina Faso, and Niger continue to intensify insecurity in Nigeria and the wider Lake Chad Basin. The collapse of regional cooperation and democratic governance in parts of the Sahel further emboldens armed groups, weakens state authority, and undermines civilian protection across West Africa.

Regional security cooperation between Nigeria and Sahelian states should be revitalized by establishing strong bilateral and multilateral platforms for intelligence sharing, border governance, and community-based peacebuilding initiatives.

Equally important is investing in youth employment, education, social protection, and local conflict resolution mechanisms to address the root causes of radicalization and insecurity.

Recommendations

1. Government should as a matter of urgency recognise that insecurity in the Sahel fuels the Nigerian crisis and that rapprochement between AES (Alliance of Sahel States) and ECOWAS is an important element in Nigeria’s national interest.

2. Government should immediately appoint a high-level Special Envoy for the Sahel to begin the urgent task of rebuilding trust between Nigeria, the AES and ECOWAS while revamping regional mechanisms for peace and security.

3. Civil society organisations should actively sensitize citizens and strengthen public demand for accountability. Nigerians must be bold and courageous in protecting civic rights and resisting the current climate of restricting civic space.

4. We call on the Private Sector as critical stakeholders in the nation-state agenda to continue to support and demand accountability in governance and the promotion of the rule of law as the basic premise of economic progress and nation building. Professional bodies and associations must rise to the challenge of building a broad national consensus to oppose tyranny and ensure maintenance of checks and balances in governance and the protection of the rule of law.

5. We call on our traditional leaders and members of the clergy to rise to the full weight of their moral and civic authority to promote peaceful co-existence, solidarity, and inter-faith dialogue to arrest the current slide to criminality and civil disorder.

6. Given the clear and consistent indications of the lack of neutrality and competence of INEC, professional bodies such as the Nigerian Bar Association, Unions, and other civic groups must set up mechanism of engaging the electoral body to ensure that the 2027 elections are free, fair and credible.

7. The Judiciary must address the perception of its complicity to stall democratic processes. It must remain independent and uphold the rule of law. As a matter of urgency, the Nigerian Bar Association must call its members to order for professional conduct and strengthen its monitoring on the judiciary, it must stay alert and patriotic and ensure political actors play by the rule. The National Judicial Council must set up a framework for holding judges accountable for decisions they take in the context of electoral process.

DATED AT ABUJA, NIGERIA 8th JUNE 2026

1. Dr. Husseini Abdu
2. Amb. Fatima Balla OON
3. Dr. Usman Bugaje
4. Prof. Ibrahim Gambari, CON
5. Dr. Yahaya Hashim
6. Prof. Jibrin Ibrahim
7. Prof. Attahiru Muhammadu Jega OFR
8. Prof. Mohammed Kuna
9. Abubakar Balarabe Mahmoud, SAN, OON
10. Mal Kabiru Yusuf

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Time for National Reconciliation, Re-Orientation and Reconstruction

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By Dele Momodu

The 2027 Presidential election is expected to be a major fight between PRESIDENT BOLA AHMED TINUBU and his biggest challenger, ALHAJI ATIKU ABUBAKAR. It promises to be the battle of the Tians. A third force, hopefully, may show up, like it did in 2023, but not with enough fire power and tenacity to upstage, and obliterate the two elder statesmen.

This is why it has become pertinent, and urgent, for our dear party ADC to change the traditional way of playing politics by becoming a link between the old and modern, conservative and cosmopolitan tendencies, veteran politicians and technocrats in government. There’s no better combination than this duo, assuring of a colorful blend. The North and the South will reunite in a game of ethnic & religious rivalries.

The present combustive tensions, and absolute chaos, cannot be allowed to continue. It will consume all of us.

The time has come to retrace our steps and return to the days of robust ideas, ideologies and inspirational figures. Our founding fathers such as Dr. Nnamdi Azikiwe, The Sardauna Sir Ahmadu Bello, Chief Obafemi Awolowo, and others, tried their best, even if they were not perfect. Today, we’ve completely derailed from the legacies they bequeathed to us. The politics of gansterism has become unbearably malignant in our nation. This is the type of strong bridge we need between the North and the South.

We must act before it is too late…

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How We Rescued Adelabu’s Sister and Her Twin Sons from Kidnappers – Police

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The Nigerian Police Force has announced the rescue of former Minister of Power, Adebayo Adelabu’s sister and her twin sons, who were abducted on June 3, in Ibadan.

A statement signed by the Force Public Relations Officer, DCP Anthony Okon Pkacid revealed ad follows:

The Nigeria Police Force announces the successful rescue of Mrs. Olaide Busayo Adegoke John-Paul and her 12-year-old twin sons, Peter and Paul, who were abducted on June 3, 2026, in Ibadan, Oyo State.

The hostages were rescued during a coordinated operation by the Force Intelligence Department Intelligence Response Team (FID-IRT) in Ibadan at approximately 7:30 p.m. on Saturday, June 6, 2026.

Mrs. Adegoke and her children were abducted while she was driving them to school at about 7:30 a.m. on June 3, 2026. The rescue was achieved through sustained intelligence gathering, surveillance, and tactical operations. These efforts enabled investigators to track the kidnappers’ movements, resulting in a confrontation with FID-IRT operatives.

During the confrontation, two suspected kidnappers were fatally wounded and two rifles were recovered. The victims were rescued unharmed and are now in safe custody, receiving medical care and support.

The Inspector-General of Police commends the courage, professionalism, and effectiveness of the FID-IRT operatives and all officers involved. Their resilience and commitment were instrumental in the safe rescue of the hostages.

Security operatives have intensified efforts in the area to apprehend fleeing members of the kidnapping syndicate. Preliminary intelligence indicates that some suspects escaped with gunshot injuries. Operations are ongoing to track, arrest, and bring all involved to justice.

The Nigeria Police Force appreciates the public’s support, cooperation, and patience during the operation. We remain committed to combating violent crime, protecting lives and property, and ensuring the safety of all citizens.

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