Nigeria’s GDP grows to 3.98% in Q3 2025
National Bureau of Statistics NBS
Abdullateef Fowewe
Nigeria’s economy has expanded by 3.98 percent year-on-year in real terms during the third quarter of 2025, according to the National Bureau of Statistics (NBS) report released Monday.
This growth surpassed the 3.86 percent recorded in the same period of 2024.
The NBS highlighted that agriculture grew by 3.79 percent in Q3 2025, up from 2.55 percent in Q3 2024, while the industrial sector’s growth rose to 3.77 percent from 2.78 percent the previous year.
The services sector, which remains the largest contributor to GDP, grew by 4.15 percent, slightly down from 4.97 percent a year earlier.
The bureau noted, “In terms of share of the GDP, the services sector contributed more to the aggregate GDP in the third quarter of 2025 at 53.02% compared to the corresponding quarter of 2024 at 52.93%.”
In nominal terms, Nigeria’s aggregate GDP at basic prices reached N113.58 trillion in Q3 2025, up from N96.16 trillion in Q3 2024, representing an 18.12 percent year-on-year increase.
