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Nigeria’s nominal GDP rises to N100.73 trillion in Q2 2025, up from N94.05 trillion in Q1.
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Non-oil sectors drive growth, accounting for 95.95% of the economy; oil contributes just 4.05%.
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Services (56.53%), agriculture (26.17%), and industries (17.31%) push overall GDP growth to 4.23%.
Nigeria’s economy recorded significant growth in the second quarter of 2025, with Nigeria’s nominal Gross Domestic Product (GDP) reaching N100.73 trillion, according to the latest report from the National Bureau of Statistics (NBS).
The previous quarter had seen nominal GDP at N94.05 trillion, showing a quarter-on-quarter increase of N6.68 trillion.
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Meanwhile, real GDP for the period stood at N51.20 trillion, reflecting actual economic output after adjusting for inflation.
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The report revealed that non-oil sectors dominated the growth, contributing 95.95% to GDP, while the oil sector’s contribution remained minimal at 4.05%. Detailed sector analysis showed that services (56.53%), agriculture (26.17%), and industries (17.31%) were the main drivers of economic expansion, pushing Nigeria to a 4.23% growth rate in Q2 2025.
This growth follows Nigeria’s GDP rebasing in July 2025, which updated the nation’s economic size to N372.8 trillion in 2024, reflecting current market realities and structural changes in the economy.
Analysts suggest that the continued expansion of non-oil sectors, combined with strategic government investment in infrastructure and agriculture, could sustain GDP growth and improve national revenue generation.
