Nigeria’s Gross Domestic Product (GDP) grew by 4.23 per cent in Q2 2025 compared to Q2 2024 and Q1 2025, according to the National Bureau of Statistics (NBS).
The growth rate was higher than the 3.48% recorded in Q2 2024 and the 3.13 per cent recorded in Q1 2025.
The agriculture sector saw a 2.82 per cent increase, while the industry sector saw a 7.45% growth.
The services sector saw a 3.94 per cent increase, contributing 17.31% to the aggregate GDP.
The aggregate GDP at basic price stood at N100.73 trillion in Q2 2025, indicating a year-on-year nominal growth of 19.23 per cent.
The oil sector saw a 6.01% growth rate, contributing 4.05% of the total real GDP. The non-oil sector contributed 95.95% to the GDP in Q2 2025.