Nigeria’s GDP Grows by 4.07% in Q4 2025, NBS Reports

Nigeria’s GDP Grows by 4.07% in Q4 2025, NBS Reports
Non-Oil Sector Remains Dominant
Economy Expands 3.87% in 2025

Nigeria’s economy expanded by 4.07 per cent year-on-year in real terms in the fourth quarter of 2025, reflecting a stronger performance than the 3.76 per cent recorded in the same period of 2024.

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Eko Hot Blog reports that the latest Gross Domestic Product (GDP) figures released by the National Bureau of Statistics (NBS) on Friday also showed that the economy grew by 3.87 per cent for the full year 2025, up from 3.38 per cent in 2024.

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According to the bureau, the improved fourth-quarter performance was driven by stronger activities in agriculture and industry, even as growth in the services sector moderated slightly during the period.

Data from the NBS showed that agriculture grew by 4.00 per cent in real terms in Q4 2025, compared to 2.54 per cent in the corresponding quarter of 2024. Crop production remained the dominant driver, accounting for 64.75 per cent of the sector’s nominal value.

The industrial sector expanded by 3.88 per cent in Q4 2025, up from 2.49 per cent in Q4 2024. Meanwhile, services grew by 4.15 per cent, slightly lower than the 4.75 per cent posted in the same quarter of the previous year.

Services continued to dominate overall output, contributing 55.92 per cent to aggregate GDP in Q4 2025, marginally higher than 55.87 per cent recorded a year earlier.

In nominal terms, aggregate GDP stood at ₦122.81 trillion in Q4 2025, representing a 17.55 per cent increase from ₦104.48 trillion recorded in Q4 2024.

Nigeria recorded an average daily oil production of 1.58 million barrels per day (mbpd) in Q4 2025, slightly higher than the 1.54 mbpd achieved in Q4 2024, but below the 1.64 mbpd recorded in Q3 2025.

The oil sector grew by 6.79 per cent year-on-year in real terms in Q4 2025, significantly higher than the 2.08 per cent recorded in Q4 2024. However, on a quarter-on-quarter basis, the sector contracted by 6.30 per cent.

Nigeria’s GDP Grows by 4.07% in Q4 2025, NBS Reports

For the full year, oil sector growth stood at 8.50 per cent in 2025, compared to 5.54 per cent in 2024. Its contribution to real GDP was 2.87 per cent in Q4 2025 and 3.53 per cent for the full year.

The non-oil sector continued to anchor the economy, growing by 3.99 per cent in real terms in Q4 2025, slightly higher than the 3.80 per cent recorded in Q4 2024.

Key drivers of non-oil growth included crop production, telecommunications under information and communication, real estate, trade, financial institutions, construction, road transport, and food, beverage and tobacco manufacturing.

The non-oil sector accounted for 97.13 per cent of real GDP in Q4 2025 and 96.47 per cent for the full year.

Nominal growth in agriculture stood at 6.82 per cent year-on-year in Q4 2025, while manufacturing recorded nominal growth of 5.80 per cent. In real terms, manufacturing expanded by 1.13 per cent in Q4 2025, contributing 7.40 per cent to real GDP during the quarter.

The NBS noted that following the rebasing of GDP using 2019 as the base year, previous quarterly estimates were aligned with the updated annual figures to provide a new quarterly GDP series for comparison.

Overall, the fourth-quarter data signals gradual strengthening in economic activity, supported by improved oil output and resilience across key non-oil sectors.