Nigeria’s GDP grows by 4.23% in Q2 2025

The National Bureau of Statistics (NBS) has announced that Nigeria’s Gross Domestic Product (GDP) grew by 4.23% in the second quarter of 2025 (Q2’25), marking a stronger performance compared to previous quarters.

The growth represents a 1.1% point increase quarter-on-quarter from the 3.13% posted in Q1’25, and an improvement over the 3.48% recorded in Q2’24.

According to the NBS GDP report released on Monday, the new figures follow a rebasing of the national accounts using 2019 as the base year, aligning previous quarterly estimates with the rebased annual series.

The report showed that: Agriculture grew by 2.82%, up from 2.60% in Q2’24.

Industry recorded the strongest expansion, growing by 7.45% compared with 3.72% in Q2’24.

Services grew by 3.94%, slightly higher than 3.83% in the same quarter of 2024.

In terms of contribution to GDP, the Industry sector accounted for 17.31% in Q2’25, compared with 16.79% in Q2’24.

The report also revealed that the oil sector contributed 4.05% to GDP during the quarter, while the non-oil sector maintained dominance with 95.95%.