Nigeria’s GDP Rises By 3.98% In Q3 2025

Nigeria’s Gross Domestic Product (GDP) grew by 3.98 per cent year-on-year in real terms in the third quarter of 2025, marking a slight improvement over the 3.86 per cent recorded in the same period of 2024.

This is according to the National Bureau of Statistics (NBS) in a report released Monday, the growth was driven by non-oil sector.

“Gross Domestic Product (GDP) grew by 3.98% (year-on-year) in real terms in the third quarter of 2025,” NBS Stated.

This growth rate is higher than the 3.86% recorded in the third quarter of 2024.

During the quarter under review, agriculture grew by 3.79%, an improvement from the 2.55% recorded in the corresponding quarter of 2024.

The growth of the Industry sector stood at 3.77% from 2.78% recorded in the third quarter of 2024, while the Services sector recorded a growth of 4.15% from 4.97% in the same quarter of 2024.

In terms of share of the GDP, the services sector contributed more to the aggregate GDP in the third quarter of 2025 at 53.02% compared to the corresponding quarter of 2024 at 52.93%. 

The Nigerian economy expanded by 3.13% in the first three months of this year after updated calculations following a rebasing of its Gross Domestic Product (GDP).

The rebasing exercise took place in July and aims to reflect structural changes in Africa’s most populous nation.

The World Bank said in October that Nigeria had made progress in stabilizing its economy through recent policy reforms, but urged more action to improve living standards and curb soaring food prices.