Nigeria’s economy grew by 4.23% in the second quarter of 2025, according to the National Bureau of Statistics (NBS), showing stronger performance compared to both Q1 2025 (+3.13%) and Q2 2024 (+3.48%).
Agriculture expanded by 2.82%, while the industry sector posted robust growth of 7.45%, nearly double the 3.72% recorded a year earlier. The services sector grew by 3.94%, slightly higher than last year’s 3.83%.
In Q2 2025, the industry sector’s share of GDP rose to 17.31%, up from 16.79% in the corresponding quarter of 2024. Nominal GDP reached N100.73 trillion, reflecting a 19.23% year-on-year increase.
Oil output surged to 1.68 million barrels per day, up from 1.41 million bpd in Q2 2024 and 1.62 million bpd in Q1 2025. This drove a remarkable 20.46% real GDP growth in the oil sector, compared to 10.08% a year earlier. The oil sector’s GDP contribution increased to 4.05% from 3.51% in 2024.
The mining and quarrying subsector grew 20.86%, powered by gains in coal mining (+32.59%) and quarrying/minerals (+50.41%).
The non-oil sector grew 3.64% year-on-year, supported by agriculture, telecoms, real estate, trade, finance, construction, and electricity. However, its GDP share slipped to 95.95% from 96.49% in Q2 2024.
The NBS noted that Nigeria’s growth momentum is underpinned by improved oil production, stronger industrial performance, and steady expansion in non-oil sectors.
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