NISER SOCIAL & ECONOMIC WATCH – 2025 & 2026 Q1

This edition of the N-SEW report highlights a resilient Nigerian economy that recorded steady growth throughout 2025 and early 2026, primarily sustained by a dominant non-oil sector and a strong services industry.

However, these gains are countered by severe structural bottlenecks, including a sharp 33.1% decline in GDP per capita, resurgent inflation, and a critically high debt-service-to-revenue ratio that constrains fiscal space for inclusive development.