Nigeria's Dollar GDP Surges 22% to $307 Billion in 2025

According to a report, Nigeria's dollar GDP rose by 22% to $307 billion in 2025, driven by stronger economic output and a firmer naira. This growth reflects a recovery from earlier declines, bringing the GDP back above the $300 billion mark.

The report indicates that Nigeria's nominal GDP is projected to rise from ₦372.8 trillion in 2024 to ₦441.5 trillion in 2025, with an average exchange rate appreciation contributing to the overall dollar GDP growth. Nigeria's performance exceeded the Sub-Saharan Africa average dollar GDP growth of 10.33%, outpacing several major African economies, including South Africa and Egypt.

Additionally, Nigeria accounted for nearly 28% of Africa's total GDP growth in dollar terms for 2025. The GDP per capita is expected to rise by 19.5% to $1,295 in 2025, despite a population growth of 2.1%, indicating an improvement in the country's economic position.

The report attributes this growth to currency stabilization and steady product growth.