Nigeria’s economy continued its recovery trajectory in the second quarter of 2025, recording a 4.23% year-on-year growth in Gross Domestic Product (GDP), according to new data released by the National Bureau of Statistics (NBS).
This marks a significant improvement from the 3.48% GDP growth recorded in Q2 2024, indicating stronger economic resilience amid global and domestic challenges.
Sectoral Breakdown: Industry and Agriculture Lead Growth
The Q2 2025 NBS GDP report shows robust performance across major sectors:
- Agriculture sector grew by 2.82% in real terms, compared to 2.60% in Q2 2024.
- Industry sector posted a notable 7.45% growth, up sharply from 3.72% in the same period last year.
- Services sector grew by 3.94%, slightly above the 3.83% recorded in Q2 2024.
The industry sector’s share of GDP also increased to 17.31%, up from 16.79% in Q2 2024, reflecting rising industrial output and productivity.
In nominal terms, Nigeria’s aggregate GDP reached ₦100.73 trillion in Q2 2025, up from ₦84.48 trillion in Q2 2024, representing a 19.23% nominal year-on-year increase.
Oil Sector Powers Economic Surge in Q2 2025
One of the major drivers of Nigeria’s economic growth in the second quarter was the oil sector. The average daily crude oil production rose to 1.68 million barrels per day (mbpd), a jump from 1.41 mbpd in Q2 2024 and 1.62 mbpd in Q1 2025.
As a result, the oil sector recorded a real GDP growth of 20.46%, significantly up from 10.08% in Q2 2024 and 1.87% in Q1 2025. Its contribution to total GDP increased to 4.05%, compared to 3.51% in the same quarter last year.
The mining and quarrying subsector, which includes crude petroleum, natural gas, coal, and metal ores, grew by 20.86% in real terms, driven by 50.41% growth in quarrying and other minerals, ans 32.59% growth in coal mining
The sector’s overall contribution to GDP rose to 4.23% in Q2 2025, up from 3.64% in Q2 2024.
Non-Oil Sector Records Steady Progress
The non-oil sector grew by 3.64% in real terms, up from 3.26% in Q2 2024 and 3.19% in Q1 2025. This growth was driven by strong activity in:
- Agriculture (Crop Production)
- Telecommunications
- Real Estate
- Financial Institutions
- Trade
- Construction
- Electricity, Gas, Steam & Air Conditioning Supply
Despite this growth, the non-oil sector’s share of real GDP declined slightly to 95.95%, down from 96.49% in Q2 2024.
NBS: Outlook Positive Amid Sectoral Gains
According to the NBS, the overall economic performance reflects strengthened activity across key sectors, with increased oil production and industrial output providing the backbone for growth in Q2 2025.
“Nigeria’s GDP growth in the second quarter of 2025 highlights a broad-based recovery, with both the oil and non-oil sectors contributing positively,” the bureau stated.
