National Bureau of Statistics (NBS) revealed the Nigeria’s Gross Domestic Product (GDP) grew by 4.23 per cent in the second quarter of 2025, a 0.75 per cent point higher than the 3.48 per cent recorded in Q2 2024.
According to the NBS reports, the non-oil sector maintained dominance in the economy, contributing 95.95 per cent to the GDP, while the oil sector contributed just 4.05 per cent.
The report showed that; Agriculture grew by 2.82 percent, up from 2.60 percent in Q2’24.
Industry recorded the strongest expansion, growing by 7.45 percent compared with 3.72 percent in Q2’24.
Services grew by 3.94 percent, slightly higher than 3.83 percent in the same quarter of 2024.
In terms of contribution to GDP, the Industry sector accounted for 17.31 percent in Q2’25, compared with 16.79 percent in Q2’24.
The country’s economy was driven in the second quarter mainly by agriculture (crop production), Information and Communication (telecommunications), real estate, financial and insurance (financial institutions), trade, construction and electricity, gas, steam and air-conditioning supply, accounting for positive GDP growth.
Accounting for positive GDP growth, the country’s second quarter was mainly driven by agriculture (crop production), Information and Communication (telecommunications), real estate, financial and insurance (financial institutions), trade, construction and electricity, gas, steam and air-conditioning supply.