Nigeria’s daily crude oil production rose to 1.68 million barrels per day in the second quarter of 2025, the highest quarterly output in four years, according to new data from the National Bureau of Statistics (NBS).
This marks a significant rebound for Africa’s largest oil producer, enabling the country to meet its production quota set by the Organisation of Petroleum Exporting Countries (OPEC).
The NBS report also revealed that the Nigerian economy expanded on the back of the rebasing of the Gross Domestic Product (GDP), with 2019 adopted as the new base year. The rebasing aligned previous quarterly GDP estimates with updated annual figures, providing a refreshed series for more accurate comparisons.
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According to the report, “Gross Domestic Product (GDP) grew by 4.23% (year-on-year) in real terms in the second quarter of 2025.” This performance surpassed the 3.48% growth recorded in the same period of 2024, underscoring improved economic activities.
The agricultural sector posted a growth rate of 2.82% in Q2 2025, higher than the 2.60% achieved in the corresponding quarter of 2024. The industrial sector recorded a strong growth of 7.45%, compared to 3.72% in Q2 2024, while the services sector expanded by 3.94%, up slightly from 3.83% in the previous year. Industry maintained its leading role, contributing 17.31% to the total GDP, up from 16.79% in Q2 2024.
In nominal terms, aggregate GDP at basic prices was valued at N100.73 trillion in the second quarter of 2025. This represents a 19.23% year-on-year increase from N84.84 trillion recorded in the same quarter of 2024, reflecting the impact of both oil and non-oil growth.
Crude oil production remained a major driver of this performance. Nigeria averaged 1.68 million barrels per day in Q2 2025, compared to 1.41 million barrels per day in the second quarter of 2024 and 1.62 million barrels per day in the first quarter of 2025. This reflects an increase of 0.27 million barrels and 0.06 million barrels respectively.
“The real growth of the oil sector was 20.46% (year-on-year) in Q2 2025, indicating an increase of 10.38 percentage points relative to the 10.08% recorded in the corresponding quarter of 2024. Growth increased by 18.59 percentage points when compared to Q1 2025, which was 1.87%. On a quarter-on-quarter basis, the oil sector recorded a growth rate of 6.01% in Q2 2025,” the NBS report stated.
The oil sector contributed 4.05% to Nigeria’s real GDP in Q2 2025, up from 3.51% in Q2 2024 and slightly higher than 3.97% in the preceding quarter.
