Nigeria posts 4.23% GDP growth in Q2 2025

…Industry assemblage leads expansion

By Elizabeth Adegbesan

The National Bureau of Statistics (NBS) has announced that Nigeria’s Gross Domestic Product (GDP) grew by 4.23 percent successful the 2nd 4th of 2025 (Q2’25), marking a stronger show compared to erstwhile quarters.

The maturation represents a 1.1 percent constituent summation quarter-on-quarter from the 3.13 percent posted successful Q1’25, and an betterment implicit the 3.48 percent recorded successful Q2’24.

According to the NBS GDP study released connected Monday, the caller figures travel a rebasing of the nationalist accounts utilizing 2019 arsenic the basal year, aligning erstwhile quarterly estimates with the rebased yearly series.

The study showed that: Agriculture grew by 2.82 percent, up from 2.60 percent successful Q2’24.

Industry recorded the strongest expansion, increasing by 7.45 percent compared with 3.72 percent successful Q2’24.

Services grew by 3.94 percent, somewhat higher than 3.83 percent successful the aforesaid 4th of 2024.

In presumption of publication to GDP, the Industry assemblage accounted for 17.31 percent successful Q2’25, compared with 16.79 percent successful Q2’24.

The study besides revealed that the lipid assemblage contributed 4.05 percent to GDP during the quarter, portion the non-oil assemblage maintained dominance with 95.95 percent.

The station Nigeria posts 4.23% GDP maturation successful Q2 2025 appeared archetypal connected Vanguard News.