Nigeria’s GDP grew by 4.23% year-on-year in real terms in the second quarter of 2025, according to the National Bureau of Statistics (NBS).
The latest GDP report, released Monday in Abuja, shows the growth rate was higher than 3.48% in Q2 2024 and 3.13% in Q1 2025.
The agriculture sector grew by 2.82%, while the industry sector expanded by 7.45%, a sharp rise from 3.72% in Q2 2024. The services sector also recorded a modest increase of 3.94%, up from 3.83% last year.
The industry sector contributed the most to GDP at 17.31%, compared to 16.79% in the same period of 2024. Aggregate GDP at basic prices stood at ₦100.73 trillion in nominal terms, up from ₦84.48 trillion in Q2 2024, reflecting 19.23% nominal growth.
The oil sector grew by 6.01% quarter-on-quarter, contributing 4.05% to real GDP compared to 3.51% in Q2 2024. Average daily oil production rose to 1.68 million barrels per day (mbpd), up from 1.41 mbpd in Q2 2024 and 1.62 mbpd in Q1 2025.
The non-oil sector contributed 95.95% of GDP, slightly lower than 96.49% in Q2 2024.
NBS said the GDP has been rebased to 2019 as the base year to reflect more stable economic conditions and align quarterly estimates with updated benchmarks.
