Nigeria’s economy expanded by 3.98 per cent year-on-year in real terms in the third quarter of 2025, the National Bureau of Statistics (NBS) has disclosed. The growth surpasses the 3.86 per cent recorded in the same period of 2024.
In nominal terms, the economy reached N113.587 trillion, up from N96.160 trillion in Q3 2024, representing an 18.12 per cent year-on-year increase.
The NBS report highlighted sectoral performance, showing agriculture grew by 3.79 per cent, up from 2.55 per cent in Q3 2024. The Industry sector recorded a growth of 3.77 per cent, rising from 2.78 per cent, while the Services sector grew by 4.15 per cent, slightly lower than 4.97 per cent in the corresponding quarter of 2024.
The data reflects steady economic expansion across key sectors, underpinned by improved performance in agriculture and industry.
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“In terms of share of the GDP, the services sector contributed more to the aggregate GDP in the third quarter of 2025 at 53.02 per cent compared to the corresponding quarter of 2024 at 52.93 per cent.
It added that the oil sector recorded an average daily oil production of 1.64 million barrels per day (mbpd), higher than the daily average production of 1.47 mbpd recorded in the same quarter of 2024 by 0.17 mbpd and lower than the second quarter of 2025 production volume of 1.68 mbpd by 0.04mbpd.
“The non-oil sector grew by 3.91% in real terms during the reference quarter (Q3 2025). This rate was higher by 0.11% points compared to the rate recorded in the same quarter of 2024, which was 3.79% and higher than the 3.64% recorded in the second quarter of 2025.”
“This sector was driven in the third quarter of 2025 mainly by Agriculture (Crop production); Information and Communication (Telecommunications); Real Estate; Financial and Insurance (Financial Institutions); Trade; Construction; and Manufacturing, accounting for positive GDP growth. In real terms, the non-oil sector contributed 96.56% to the nation’s GDP in the third quarter of 2025, lower than the share recorded in the third quarter of 2024, which was 96.62% and higher than the second quarter of 2025 recorded as 95.95%.”
