By NIGERIA’S Gross Domestic Product (GDP) grew by 4.23 per cent year-on-year in the second quarter of 2025, according to data released by the National Bureau of Statistics (NBS).
The figure reflects an improvement from the 3.48 per cent growth recorded in the same quarter of 2024, underscoring the economy’s continued recovery and resilience.
According to the report, the agriculture sector grew by 2.82 per cent in real terms during the period under review, up from 2.60 per cent recorded in Q2 2024.
The industry sector performed particularly well, expanding by 7.45 per cent compared to 3.72 per cent in the corresponding period of the previous year. Meanwhile, the services sector posted a real growth of 3.94 per cent, slightly higher than the 3.83 per cent recorded in Q2 2024.
The share of the industry sector in the country’s GDP rose to 17.31 per cent in Q2 2025, compared with 16.79 per cent in the same quarter of 2024.
In nominal terms, aggregate GDP stood at ₦100.73 trillion in the second quarter of 2025, up from ₦84.48 trillion in the same period last year, representing a nominal year-on-year growth of 19.23 per cent.
Oil Sector Performance
The oil sector made a significant contribution to growth during the quarter.
Average daily crude oil production increased to 1.68 million barrels per day, 0.27 million barrels higher than the 1.41 million barrels per day recorded in Q2 2024. This also represented an uptick from the 1.62 million barrels per day reported in Q1 2025.
The rise in production translated into a real GDP growth of 20.46 per cent in the oil sector, a sharp increase from the 10.08 per cent recorded in Q2 2024, and a substantial leap from the 1.87 per cent posted in Q1 2025. The sector’s contribution to total GDP stood at 4.05 per cent in Q2 2025, compared with 3.51 per cent in the same quarter of 2024.
Mining
The mining and quarrying subsector also boosted growth, covering crude petroleum and natural gas, coal mining, metal ores, and quarrying of other minerals.
It grew by 20.86 per cent in real terms, driven by a 50.41 per cent increase in quarrying and other minerals, alongside a 32.59 per cent rise in coal mining.
Consequently, the sector’s contribution to GDP climbed to 4.23 per cent in Q2 2025, up from 3.64 per cent in the same quarter of 2024.
Non-Oil Sector Performance
The non-oil sector recorded steady progress, expanding by 3.64 per cent in real terms in Q2 2025.
This was an increase from the 3.26 per cent posted in the corresponding period of 2024, and also higher than the 3.19 per cent recorded in Q1 2025.
Growth in the non-oil sector was largely driven by activity in agriculture (crop production); information and communication (telecommunications); real estate; financial and insurance (financial institutions); trade; construction; and electricity, gas, steam and air-conditioning supply.
Despite this growth, the non-oil sector’s share of real GDP declined slightly, contributing 95.95 per cent in Q2 2025, compared with 96.49 per cent in Q2 2024 and 96.03 per cent in Q1 2025.
The NBS noted that overall economic performance reflected stronger activity across key sectors, with significant gains in oil production and industrial output helping to sustain the country’s growth trajectory.
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