Nigeria’s Gross Domestic Product (GDP) increased by 3.98 per cent year-on-year in real terms in the third quarter of 2025.
This is according to latest data released by the National Bureau of Statistics (NBS).
The data shows a marginal improvement from the 3.86 per cent recorded in the same quarter in the previous.
In its Q3 GDP report, the NBS noted broad-based improvements across key sectors:
“Gross Domestic Product (GDP) grew by 3.98% (year-on-year) in real terms in the third quarter of 2025. This growth rate is higher than the 3.86% recorded in the third quarter of 2024. During the quarter under review, agriculture grew by 3.79%, an improvement from the 2.55% recorded in the corresponding quarter of 2024.
“The growth of the Industry sector stood at 3.77% from 2.78% recorded in the third quarter of 2024, while the Services sector recorded a growth of 4.15% from 4.97% in the same quarter of 2024. 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% compared to the corresponding quarter of 2024 at 52.93%,” NBS stated
The NBS report further showed that the Services sector remained the economy’s largest contributor, accounting for 53.02% of total GDP—slightly higher than the 52.93% recorded a year earlier.
Aggregate nominal GDP rose significantly to N113.59 trillion in Q3 2025, compared to N96.16 trillion in Q3 2024, representing a nominal year-on-year growth of 18.12%.
Meanwhile, the country recorded an average daily oil production of 1.64 million barrels per day (mbpd) in Q3 2025, an improvement from 1.47 mbpd in the same period of 2024, though slightly lower than the 1.68 mbpd produced in Q2 2025.
Real growth in the oil sector stood at 5.84 per cent, marginally higher than the 5.66 per cent recorded in Q3 2024. However, growth slowed sharply when compared to the 20.46 per cent recorded in the previous quarter, dropping by 14.62 percentage points. Quarter-on-quarter, the sector contracted by 5.53 per cent.
The oil sector contributed 3.44 per cent to real GDP in Q3 2025—higher than 3.38 per cent in the same quarter of 2024 but lower than 4.05 per cent in Q2 2025.
The non-oil sector grew by 3.91 per cent in real terms, surpassing the 3.79 per cent growth recorded in Q3 2024 and the 3.64 per cent posted in Q2 2025.
Growth was driven by sectors including Agriculture (especially crop production); Telecommunications; Real Estate; Financial Institutions; Trade; Construction; and Manufacturing.
The non-oil economy accounted for 96.56 per cent of real GDP—slightly lower than the 96.62 per cent recorded in Q3 2024 but higher than 95.95 per cent in Q2 2025.
The Mining and Quarrying sector, which includes crude petroleum, coal mining, metal ores, and other minerals, contracted sharply in nominal terms, declining by 41.08 per cent year-on-year.
The agricultural sector grew by 3.18 per cent in nominal terms in Q3 2025, although this was 14.87 percentage points lower than Q3 2024. Compared to the previous quarter, growth improved by 1.34 percentage points.
Crop production remained dominant, accounting for 65.99 per cent of the sector’s total nominal value.
Manufacturing GDP grew by 1.25 per cent year-on-year, higher than the growth recorded in Q3 2024. However, the figure represents a slight decline of 0.34 percentage points compared to Q2 2025.
In Q2 2025, Nigeria’s GDP grew by 4.23 per cent year-on-year in real terms in the second quarter of 2025, according to the NBS.
