Nigeria's GDP Surges by 4.23% in Q2 2025, Sectoral Growth Reported
Nigeria's GDP grew by 4.23% in the second quarter of 2025, as per the latest data from the National Bureau of Statistics (NBS). The report highlighted sectoral improvements, with Agriculture expanding by 5.2%, the industry sector doubling its growth to 8.4%, and Services slightly rising by 4.3% compared to the same period in 2024.
The industry sector notably contributed 25% to the GDP in the quarter under review. In nominal terms, the GDP stood at ₦60 trillion in Q2 2025, a significant increase from ₦54 trillion in Q2 2024.
This growth follows the rebasing of the GDP using the 2019 new base year, indicating positive economic progress for Nigeria.
Plus234Feed summary based on reporting from Politics Nigeria. Read the original report below.
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