Nigeria’s Economy Grew to 4.23% in Q2 2025 

Nigeria’s real Gross Domestic Product grew 4.23% year on year in the second quarter of 2025, according to the National Bureau of Statistics (NBS) Q2 2025 GDP report.

The outturn marks a clear acceleration from 3.48% in Q2 2024 and 3.13% in Q1 2025, signalling firmer momentum after the country’s recent GDP rebasing and a rebound in oil output alongside steady non-oil activity.

NBS noted that it rebased GDP to a 2019 base year and re-benchmarked previous quarterly estimates to align the old series with the new framework. The updated quarterly series forms the basis for the Q2 2025 comparisons.

Sector highlights

Industry was the standout performer, expanding 7.45% compared with 3.72% in Q2 2024, as oil and gas, mining, and manufacturing lifted overall output. Services also strengthened, growing 3.94% versus 3.83% a year earlier, reflecting resilience across telecoms, trade, and finance.

Agriculture grew 2.82%, up from 2.60% in the corresponding quarter of 2024, a modest improvement despite weather and cost pressures.

Changing shares in the economy

Industry’s contribution to total output increased to 17.31% in Q2 2025, up from 16.79% in the same quarter of 2024, underscoring the sector’s expanding role in the recovery mix.

Nominal GDP picture

At current prices, aggregate GDP stood at ₦100,730,501.10 million in Q2 2025, compared with ₦84,484,878.46 million in Q2 2024,equivalent to 19.23% nominal growth year on year.