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.