- GDP up 4.23% year-on-year in Q2 2025
- Industry sector leads growth; agriculture and services follow
- Non-oil sector still dominant
Nigeria’s economy expanded by 4.23% in Q2 2025 compared to the same period last year, the National Bureau of Statistics reports.
According to Eko Hot Blog, this growth signals a strong improvement from Q1, when GDP had grown by just 3.13%. The rebound is being credited largely to the industry sector, which recorded one of its strongest performances in recent quarters.
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Breaking down the figures, the industry sector grew by about 7.45%, a sharp leap over its 3.72% growth in Q2 2024.
Agriculture also improved, though more modestly, reaching 2.82% growth compared to 2.60% from the same period a year ago.
The services sector grew by 3.94%, up slightly from the 3.83% recorded last year.
Although these gains are promising, some sectors continue to lag.
The non-oil segment remains the backbone of growth, contributing about 95.95% of GDP, while oil contributed around 4.05%. That split underscores how much the economy relies on non-oil sectors like manufacturing, services, and agriculture.
Analysts say the improvement reflects recent policy reforms, better macroeconomic management, and effects from the rebasing of the economy to more accurately reflect contemporary sectoral contributions.
However, they warn that inflation, infrastructure challenges, foreign exchange volatility, and weak investor confidence still pose risks that could slow future growth.
On the positive side, the 4.23% growth rate in Q2 2025 is above many recent projections and signals Nigeria may be on course to meet, or nearly meet, some of its more ambitious growth targets if momentum holds.
The industry’s strong showing is particularly encouraging, suggesting that investment in factories, construction, and manufacturing is beginning to pay off.
Still, for households feeling inflation bite and high living costs, the growth may seem distant.
To translate macroeconomic gains into everyday improvements, policies will need to focus on jobs creation, stabilizing food prices, improving power supply, and ensuring that infrastructure keeps up with growth.
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