The National Bureau of Statistics (NBS) has reported that Nigeria’s Gross Domestic Product (GDP) grew by 3.98 per cent in real terms in the third quarter of 2025 compared to the same period in 2024.
The growth rate is slightly higher than the 3.86 per cent recorded in Q3 2024 but below the 4.23 per cent growth in Q2 2025, according to the Nigerian Gross Domestic Product Report Q3 2025 released in Abuja on Monday.
Sectoral performance showed:
Agriculture: 3.79% (up from 2.55% in Q3 2024)
Industry: 3.77% (up from 2.78%)
Services: 4.15% (down from 4.97%), remaining the largest contributor to GDP at 53.02 per cent
The report highlighted that Nigeria’s aggregate GDP at basic prices stood at N113.59 trillion in nominal terms, up from N96.16 trillion in Q3 2024, reflecting an 18.22 per cent nominal growth.
In the oil sector, growth rose to 5.84 per cent from 5.66% in Q3 2024 but fell sharply from 20.46% in Q2 2025. Oil contributed 3.44 per cent to total real GDP, while the non-oil sector accounted for 96.56 per cent. Average daily crude oil production in Q3 2025 was 1.64 million barrels per day (mbpd), up from 1.47 mbpd in Q3 2024 but slightly below Q2 2025’s 1.68 mbpd. Declines in output were linked to a three-day strike by PENGASSAN and scheduled maintenance at key facilities.
Non-oil growth was driven by agriculture, telecommunications, real estate, finance, trade, construction, and manufacturing—all contributing positively to GDP expansion.
The NBS confirmed that GDP figures have been rebased to 2019 to reflect the relative stability of the domestic economy and align previous quarterly estimates with the new series.
