Nigeria’s economy grew 4.23 percent in the second quarter of 2025, signaling stronger recovery.
Higher oil production and industrial output drove the improvement alongside steady gains in agriculture and services.
Nigeria’s economy grew by 4.23% year-on-year in the second quarter of 2025, according to new data released by the National Bureau of Statistics (NBS).
The figure reflects a marked improvement from the 3.48% growth recorded in the same period of 2024, underscoring continued recovery and resilience.
Agriculture: The sector grew by 2.82% in real terms, up from 2.60% in Q2 2024, with crop production remaining the dominant driver.
Industry: Industrial output surged by 7.45%, more than double the 3.72% posted in Q2 2024. The industry’s share of GDP rose to 17.31%, from 16.79% a year earlier.
Services: Growth in services was steady at 3.94%, compared to 3.83% in the same period of 2024.
In nominal terms, Nigeria’s aggregate GDP stood at ₦100.73 trillion in Q2 2025, a 19.23% year-on-year increase from ₦84.48 trillion in Q2 2024.
The oil sector provided a significant boost to overall performance:
Average daily crude oil production increased to 1.68 million barrels per day, up from 1.41 million barrels per day in Q2 2024 and 1.62 million barrels per day in Q1 2025.
Real GDP growth in the sector hit 20.46%, a sharp increase from 10.08% in Q2 2024 and a rebound from 1.87% in Q1 2025.
The oil sector contributed 4.05% to GDP in Q2 2025, compared to 3.51% in Q2 2024.
The mining and quarrying subsector expanded by 20.86%, bolstered by 50.41% growth in quarrying and other minerals 32.59% growth in coal mining.
This lifted the subsector’s GDP share to 4.23%, up from 3.64% a year earlier.
The non-oil sector recorded real growth of 3.64%, compared with 3.26% in Q2 2024 and 3.19% in Q1 2025. Growth was led by Agriculture, Information and communication (telecoms), Real estate, Financial institutions, Trade, Construction, Electricity, gas, steam, and air conditioning supply
Despite this progress, the non-oil sector’s contribution to GDP slipped slightly to 95.95%, down from 96.49% in Q2 2024.
The NBS noted that stronger activity in oil production and industry supported Nigeria’s Q2 performance.
