Nigeria’s GDP Grows 3.98% in Q3 2025 as Services, Agriculture Strengthen

Nigeria’s economy expanded by 3.98 per cent in the third quarter of 2025, showing a slight improvement over the 3.86 per cent recorded in the same period of 2024, according to the National Bureau of Statistics (NBS).

The services sector contributed the largest share at 53.02 per cent, followed by agriculture at 31.21 per cent. Real GDP rose to N57.03tn in the quarter, up from N54.85tn in Q3 2024, while nominal GDP grew by 18.12 per cent to N113.59tn.

The NBS report highlighted strong activities in crop production, telecommunications, real estate, trade, and financial services, noting that these sectors supported moderate recovery despite structural and operational challenges.

The oil sector recorded a real growth of 5.84 per cent, slightly higher than the 5.66 per cent recorded in Q3 2024, aided by crude oil production rising to 1.64 million barrels per day from 1.47 million barrels per day.

Non-oil sectors expanded by 3.91 per cent, outperforming Q3 2024 (3.79%) and Q2 2025 (3.64%), with agriculture alone growing 3.79 per cent.

“Manufacturing slowed to 1.25 per cent in real growth, while its GDP contribution dropped to 7.62 per cent compared with 7.82 per cent in 2024,” the NBS report stated. “Construction grew by 5.57 per cent, accounting for 3.80 per cent of GDP, while trade expanded by 1.98 per cent, contributing 16.42 per cent of total output.”

“The ICT sector recorded 5.78 per cent growth in real terms, contributing 9.10 per cent to GDP. Real estate grew by 3.50 per cent, and financial and insurance services rose by 19.63 per cent, though their contribution to GDP fell to 2.65 per cent,” the report added.

Other key sectors, including education, health, and public administration, recorded modest growth, reflecting a mixed recovery. The NBS said the results are aligned with improvements in data quality and coverage under the rebased national accounts.