Nigeria’s Gross Domestic Product (GDP) grew by 3.98% (year-on-year) in real terms in the third quarter of 2025, according to a report by the National Bureau of Statistics (NBS).
The report said the growth rate is higher than the 3.86% recorded in the third quarter of 2024.
The report noted that in nominal terms, the economy is N113.587trn and the performance is higher when compared to the third quarter of 2024, which recorded an aggregate GDP of N96.160trn, indicating a year-on-year nominal growth of 18.12%.
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It added that during the quarter under review, agriculture grew by 3.79%, an improvement from the 2.55% recorded in the corresponding quarter of 2024, while the growth of the industry sector stood at 3.77% from 2.78% recorded in the third quarter of 2024 and 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%.
It further 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%.”
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