NBS says Nigeria’s GDP grew 4.23% in Q2 2025, higher than 3.48% recorded in the same period last year.
Nigeria’s Gross Domestic Product (GDP) grew by 4.23 per cent year-on-year in real terms in the second quarter of 2025, according to the National Bureau of Statistics (NBS).
The figure, contained in the “Nigerian Gross Domestic Product Report Q2 2025” released on Monday, is higher than the 3.48 per cent recorded in Q2 2024.
The NBS said agriculture expanded by 2.82 per cent, while the industry sector grew by 7.45 per cent, up from 3.72 per cent in Q2 2024. Services rose by 3.94 per cent.
The oil sector recorded real growth of 20.46 per cent, boosted by an average daily production of 1.68 million barrels, higher than the 1.41 mbpd output in the same period last year. Its contribution to GDP stood at 4.05 per cent.
The non-oil sector grew by 3.64 per cent, driven by agriculture, telecoms, real estate, finance, trade, and construction, contributing 95.95 per cent of total GDP.