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Nigeria Records 4.23% GDP Growth in Q2 2025
Nigeria’s economy expanded by 4.23% in Q2 2025, up from 3.13% in Q1, with the industry sector leading growth. Agriculture and services also improved, while the non-oil sector remained dominant.
The National Bureau of Statistics (NBS) has reported that Nigeria’s Gross Domestic Product (GDP) grew by 4.23 percent in the second quarter of 2025 (Q2’25), signaling an improved economic performance compared to previous quarters.
The growth marks a 1.1 percentage point rise from the 3.13 percent recorded in Q1’25 and an increase over the 3.48 percent posted in Q2’24.
According to the NBS GDP report released on Monday, the updated figures follow a rebasing of national accounts using 2019 as the base year, bringing previous quarterly estimates in line with the rebased annual series.
The sectoral breakdown showed:
- Agriculture grew by 2.82 percent, up from 2.60 percent in Q2’24.
- Industry recorded the strongest expansion, rising by 7.45 percent compared with 3.72 percent in the same quarter last year.
- Services grew by 3.94 percent, slightly above 3.83 percent in Q2’24.
In terms of contribution to GDP, the Industry sector accounted for 17.31 percent in Q2’25, up from 16.79 percent in Q2’24. The oil sector contributed 4.05 percent, while the non-oil sector maintained dominance with 95.95 percent of GDP.
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