Nigeria’s GDP records 4.23 % growth in Q2’25

•As non-oil assemblage contributes 95%

By Elizabeth Adegbesan  

The National Bureau of Statistics, NBS, yesterday, said Nigeria recorded 4.23 percent Gross Domestic Product   (GDP) maturation successful the 2nd 4th of 2025 (Q2’25) from 3.13 per cent successful archetypal quarter,Q1’25.

This represents a 1.1 percent point  quarter-on-quarter (QoQ) increase. In the GDP study for Q2’25, NBS said: “Following the rebasing of the Gross Domestic Product utilizing 2019 arsenic the basal year, erstwhile quarterly   GDP estimates were benchmarked to the rebased yearly estimates to align the aged bid with the  caller rebased estimates.

“This process provided a caller quarterly GDP series, which is compared to  the Q2’25 estimates.   

“GDP grew by 4.23 percent (year-on-year) in  existent presumption successful the 2nd 4th of 2025.  

“This maturation complaint is higher than the 3.48 percent recorded successful the 2nd 4th of 2024.

“During the 4th nether review, agriculture grew by 2.82 percent, an improvement  from the 2.6 percent recorded successful the corresponding 4th of 2024.  

“The maturation of the manufacture sector  stood astatine 7.45 percent from 3.72 percent recorded successful the 2nd 4th of 2024, portion the Services assemblage recorded a maturation of 3.94 percent from 3.83 percent 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 percent compared  to the corresponding 4th of 2024 astatine 16.79 percent.”

The study further showed that the lipid assemblage contributed 4.05 percent to the GDP successful Q2’25 portion the non-oil assemblage publication stood astatine 95.95 percent.  

“The existent maturation of the lipid assemblage was 20.46 (year-on-year) successful Q2’25, indicating an summation of 10.38 percent points comparative to the complaint recorded successful the corresponding 4th of 2024 (10.08 percent).  

On the non-oil sector,  NBS said: “The non-oil assemblage grew by 3.64 percent successful existent presumption during the notation 4th (Q2 2025). “This complaint was higher by 0.38 percent constituent compared to the complaint recorded successful the aforesaid 4th of 2024, which was 3.26 percent and higher than the 3.19 percent recorded successful Q1’25.  

“This assemblage was driven successful the second  4th of 2025 chiefly by Agriculture (Crop production); Information and Communication (Telecommunications); Real Estate; Financial and Insurance (Financial Institutions); Trade;  Construction; and Electricity, Gas, Steam & Air Conditioning Supply, accounting for affirmative GDP growth.

“In existent terms, the non-oil assemblage contributed 95.95 percent 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 percent and little than the archetypal 4th of 2025 recorded arsenic 96.03 percent.”

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