Nigeria’s real GDP rose by 4.23% year-on-year in Q2 2025, the National Bureau of Statistics (NBS) reported on September 22, 2025.
This marks a strong increase from 3.48% in Q2 2024 and 3.13% in Q1 2025, signaling a thriving economy.
Driving Forces
The growth stems from a recent GDP rebasing using 2019 as the base year, a rebound in oil production, and a resilient non-oil sector. The rebasing aligned past data with updated estimates, boosting accuracy.
Sector Highlights
The industry sector led with a 7.45% growth rate, up from 3.72% in Q2 2024. Agriculture improved to 2.82% from 2.60%, while services grew 3.94%, slightly above 3.83% last year.
These gains show broad economic strength.
GDP Composition
In Q2 2025, the industry sector’s GDP share climbed to 17.31% from 16.79% in 2024. Nominal GDP reached N100.73 trillion, a 19.23% jump from N84.48 trillion in Q2 2024, reflecting significant economic expansion.
Looking Ahead
The NBS data points to a vibrant Nigerian economy, driven by diverse sectors. Sustained oil and non-oil growth suggests a positive outlook for 2025, with potential for further gains.
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