Nigeria’s economy expanded by 4.23 per cent in real terms in the second quarter of 2025, outpacing the 3.48 per cent growth recorded in the same period of 2024, according to the National Bureau of Statistics (NBS).
The robust performance was largely powered by growth in the oil and industry sectors, while agriculture and services also posted moderate gains. Agriculture grew by 2.82 per cent, up from 2.60 per cent in Q2 2024, while industry surged by 7.45 per cent compared to 3.72 per cent a year earlier. The services sector rose by 3.94 per cent, marginally higher than the 3.83 per cent recorded in Q2 2024.
In terms of GDP contribution, the industry sector accounted for 17.31 per cent, up from 16.79 per cent in the corresponding quarter of 2024, underscoring its rising importance in Nigeria’s economic mix.
“In the quarter under review, aggregate GDP at basic prices stood at N100.73 trillion in nominal terms, compared with N84.48 trillion in Q2 2024, representing a year-on-year nominal growth of 19.23 per cent. For better clarity, the Nigerian economy has been classified broadly into the oil and non-oil sectors,” the NBS noted.
The latest GDP figures highlight the momentum of Nigeria’s recovery, with industry and oil driving growth while agriculture and services continue to provide steady support to overall expansion.
