Nigeria’s economy grew by 3.98% year-on-year in real terms in the third quarter of 2025, supported largely by the agriculture and industrial sectors, the National Bureau of Statistics (NBS) has reported. The figure marks a modest improvement over the 3.86% growth recorded in the same period of 2024, though it is slightly lower than the 4.23% recorded in Q2 2025.
In nominal terms, GDP reached N113.587 trillion in Q3 2025, compared with N96.160 trillion in Q3 2024, reflecting an 18.12% year-on-year increase.
Sectoral Contributions
Agriculture grew by 3.79% in real terms, up from 2.55% in Q3 2024, while the industrial sector expanded by 3.77%, up from 2.78% a year earlier. The services sector, which remains the largest contributor to GDP, recorded a 4.15% growth, accounting for 53.02% of total output.
The oil sector produced an average of 1.64 million barrels per day (mbpd), higher than 1.47 mbpd in Q3 2024 but slightly below Q2 2025’s 1.68 mbpd. Real growth in the oil sector was 5.84% year-on-year, though it contracted by 5.53% on a quarter-on-quarter basis. The sector contributed 3.44% to total GDP.
The non-oil sector, which drives the bulk of economic activity, grew by 3.91%, led by crop production, telecommunications, real estate, financial institutions, trade, construction, and manufacturing. It accounted for 96.56% of GDP in Q3 2025.
Construction recorded a nominal growth of 21.23%, trade grew by 19.27%, and transportation and storage expanded by 24.35%, reflecting gains across road, rail, water, air, and courier services.
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