JUST-IN: Nigeria’s GDP Grows By 4.32% In Q2 2025

Nigeria’s system has shown dependable resilience and growth, according to latest fig by the National Bureau of Statistics which shows that Gross Domestic Product (GDP) grew by 4.23% (year-on-year) successful existent presumption successful the 2nd 4th of 2025.

The maturation complaint is higher than the 3.48% recorded successful the 2nd 4th of 2024 and the 3.13% recorded successful Q1 2025.

During the 4th nether review, agriculture grew by 2.82%, an betterment from the 2.60% recorded successful the corresponding 4th of 2024.

The maturation of the manufacture assemblage stood astatine 7.45% from 3.72% recorded successful the 2nd 4th of 2024, portion the Services assemblage recorded a maturation of 3.94% from 3.83% successful the aforesaid 4th of 2024.

In presumption of stock of the GDP, the Industry assemblage contributed much to the aggregate GDP successful the 2nd 4th of 2025 astatine 17.31% compared to the corresponding 4th of 2024 astatine 16.79%.

In the 4th nether review, aggregate GDP astatine basal terms stood astatine N100,730,501.10 trillion successful nominal terms. This show is higher erstwhile compared to the 2nd 4th of 2024, which recorded an aggregate GDP of N84,484,878.46 million, indicating a year-on-year nominal maturation of 19.23%.

For amended clarity, the Nigerian system has been classified broadly into the lipid and non-oil.

On the different hand, the NBS figures showed that the non-oil assemblage grew by 3.64% successful existent presumption during the notation 4th (Q2 2025).

This complaint was higher by 0.38% points compared to the complaint recorded successful the aforesaid 4th of 2024, which was 3.26% and higher than the 3.19% recorded successful the archetypal 4th of 2025.

The assemblage was driven successful the 2nd 4th of 2025 chiefly by Agriculture (crop production); Information and connection (telecommunications); existent estate; fiscal and security (financial institutions); trade; construction; and electricity, gas, steam & aerial conditioning Supply, accounting for affirmative GDP growth.

In existent terms, the non-oil assemblage contributed 95.95% to the nation’s GDP successful the 2nd 4th of 2025, little than the stock recorded successful the 2nd 4th of 2024, which was 96.49% and little than the archetypal 4th of 2025 recorded arsenic 96.03%.

The existent maturation of the lipid assemblage was 20.46 (year-on-year) successful Q2 2025, indicating an summation of 10.38% points comparative to the complaint recorded successful the corresponding 4th of 2024 (10.08%). Growth successful the assemblage accrued by 18.59% points erstwhile compared to Q1 2025, which was 1.87%.

On a quarter-on-quarter basis, the lipid assemblage recorded a maturation complaint of 6.01% successful Q2 2025.

The Oil assemblage contributed 4.05% to the full existent GDP successful Q2 2025, up from the fig recorded successful the corresponding play of 2024 astatine 3.51%. and up from the preceding quarter, wherever it contributed 3.97%.

The federation successful the 2nd 4th of 2025, recorded an mean regular lipid accumulation of 1.68 cardinal barrels per time (mbpd), higher than the regular mean accumulation of 1.41 mbpd recorded successful the aforesaid 4th of 2024 by 0.27 mbpd and higher than the archetypal 4th of 2025 accumulation measurement of 1.62 mbpd by 0.06mbpd.