Nigeria’s GDP grows by 4.23 per cent in Q2 2025 – NBS
National Bureau of Statistics NBS
Nigeria’s GDP grows by 4.23 percent in Q2 2025 – NBS
Abdullateef Fowewe
The National Bureau of Statistics (NBS) has reported that Nigeria’s Gross Domestic Product (GDP) rose by 4.23 percent in real terms during the second quarter of 2025.
This was disclosed in its Q2 2025 GDP report released on Monday.
According to the report, “Gross Domestic Product (GDP) grew by 4.23% (year-on-year) in real terms in the second quarter of 2025.”
The report indicates that this growth rate surpasses the 3.48 percent recorded in the same quarter of 2024.
In the quarter under review, the NBS noted that agriculture saw a growth of 2.82 percent, up from the 2.60 percent reported in the corresponding quarter of 2024.
The industry sector experienced a growth of 7.45 percent, a significant increase from the 3.72 percent seen in the second quarter of 2024, while the Services sector grew by 3.94 percent, an increase from 3.83 percent in the same period of the previous year.
NBS explained that in terms of share of the GDP, the Industry sector contributed more to the aggregate GDP in the second quarter of 2025 at 17.31 per cent compared to the corresponding quarter of 2024 at 16.79%.
In the quarter under review, NBS said aggregate GDP at basic price stood at N100,730,501.10 million in nominal terms.
It added that the performance is higher when compared to the second quarter of 2024, which recorded an aggregate GDP of N84,484,878.46 million, indicating a year-on-year nominal growth of 19.23 percent.
