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Nigeria’s non-oil assemblage has continued to show resilience, sustaining its relation arsenic the main operator of economical enactment and signalling a gradual displacement distant from the country’s humanities dependence connected oil.
Fresh information from the National Bureau of Statistics (NBS) released connected Monday amusement that the non-oil system accounted for 95.95 per cent of full Gross Domestic Product (GDP) successful existent presumption successful the 2nd 4th of 2025.
According to the report, the wide GDP expanded to 4.23 per cent year-on-year during the period, an betterment connected the 3.48 per cent recorded successful the 2nd 4th of 2024 and higher than the 3.13 per cent posted successful the archetypal 4th of 2025.
The agriculture assemblage grew by 2.82 per cent, up from 2.60 per cent successful the aforesaid 4th of 2024, portion manufacture recorded a robust maturation of 7.45 per cent, compared to 3.72 per cent a twelvemonth earlier. Services besides expanded by 3.94 per cent, somewhat higher than the 3.83 per cent maturation seen successful the 2nd 4th of 2024.
In presumption of publication to GDP, the manufacture assemblage accounted for 17.31 per cent successful Q2 2025, up from 16.79 per cent successful the corresponding play of 2024. Aggregate GDP astatine basal prices successful nominal presumption stood astatine ₦100.73 trillion, representing a year-on-year nominal maturation of 19.23 per cent compared to ₦84.48 trillion successful the 2nd 4th of 2024.
The non-oil assemblage grew by 3.64 per cent successful existent presumption during the quarter, up from 3.26 per cent successful Q2 2024 and 3.19 per cent successful Q1 2025. Key maturation drivers included harvest production, telecommunications, existent estate, fiscal institutions, trade, construction, and electricity, gas, steam, and aerial conditioning supply.
Despite its smaller stock of the economy, the lipid assemblage recorded notable growth. Real GDP successful the assemblage expanded by 20.46 per cent year-on-year, up from 10.08 per cent successful the corresponding 4th of 2024 and a crisp rebound from 1.87 per cent successful Q1 2025. On a quarter-on-quarter basis, maturation stood astatine 6.01 per cent.
Oil contributed 4.05 per cent to existent GDP successful Q2 2025, higher than the 3.51 per cent recorded successful Q2 2024 and 3.97 per cent successful Q1 2025. Average regular crude lipid accumulation roseate to 1.68 cardinal barrels per time (mbpd), compared to 1.41 mbpd successful Q2 2024 and 1.62 mbpd successful Q1 2025.
The commercialized assemblage posted beardown nominal maturation of 43.83 per cent year-on-year successful Q2 2025, up from 34.34 per cent successful the aforesaid 4th of 2024. On a quarter-on-quarter basis, the assemblage surged by 78.96 per cent. Trade contributed 25.93 per cent to nominal GDP successful the period, compared to 21.49 per cent a twelvemonth earlier and 15.52 per cent successful Q1 2025.
However, commercialized grew modestly by 1.29 per cent, little than the 1.82 per cent recorded successful Q2 2024 and 1.78 per cent successful Q1 2025. Its publication to GDP stood astatine 18.28 per cent, down from 18.81 per cent a twelvemonth earlier but somewhat higher than the 18.21 per cent recorded successful the preceding quarter.
The manufacturing assemblage showed mixed performance. Nominal maturation slowed to 4.51 per cent year-on-year, down from 7.65 per cent successful Q2 2024 and sharply little than the 42.40 per cent posted successful Q1 2025. Quarter-on-quarter, the assemblage contracted by 31.72 per cent.
Commenting connected the GDP figures, Dr Muda Yusuf, main enforcement of the Centre for the Promotion of Private Enterprise (CPPE), noted that portion they amusement that Nigeria’s system is connected a dependable betterment path, much productivity, peculiarly from the non-oil sector, is needed to boost revenue.
Yusuf, portion noting that the country’s GDP maturation roseate to 4.23 per cent successful the 2nd 4th of 2025, compared to 3.13 per cent recorded successful the archetypal quarter, described the show arsenic “remarkable,” noting that it reflects the interaction of authorities policies aimed astatine stabilising the economy.
“The GDP numbers constituent to the information that the system is connected a betterment path. You tin spot that there’s an betterment successful the GDP figures compared to what we had successful Q1. In Q1, GDP maturation was 3.13 per cent. In Q2, it roseate to 4.23 per cent.
“This is rather singular and shows that a fig of authorities policies are really connected course. Particularly striking is the melodramatic betterment successful the lipid and state sector, which posted maturation of 20.46 per cent, compared to 7 per cent successful Q1. This is grounds that immoderate of the lipid and state assemblage reforms are opening to output results.
Agriculture, Manufacturing, ICT sectors sluggish
But Dr Yusuf remarked that not each the cardinal sectors did that good successful the play nether review, noting that immoderate really contracted alternatively than grew.
He went on: “However, we request to interest astir the information that immoderate captious sectors of the system are inactive dilatory and sluggish successful their recovery. For instance, the cultivation assemblage grew by 2.2 per cent. Although this is an betterment implicit the 0.07 per cent recorded ...
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