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The Digest:

Nigeria’s economy accelerated in the second quarter of 2025, recording a 4.23% year-on-year growth—the fastest pace in nearly four years—driven by strong performances in trade, agriculture, and real estate. The latest National Bureau of Statistics report reveals a continued shift toward non-oil sectors, with crop production and telecommunications also contributing significantly to the improved output.

Key Points:
  • Nigeria’s GDP grew by 4.23% in Q2 2025, up from 3.48% in Q2 2024.
  • Trade remained the largest contributor, accounting for 18.28% of real GDP.
  • Crop production followed closely, contributing 17.80% to economic output.
  • Real estate (12.80%) and telecommunications (11.18%) showed strong performances.
  • The oil and gas sector rebounded, contributing 4.05% to overall growth.
  • Construction, food manufacturing, and financial services also featured in the top ten.
  • Public administration rounded out the list with a 2.73% share.
The growth signals a broadening economic base, where traditional and digital sectors collectively drive recovery, reducing historic reliance on crude oil revenues.

Sources: National Bureau of Statistics