Nigeria’s economy has shown a moderate expansion, with the Gross Domestic Product (GDP) growing by 3.98 percent in real terms during the third quarter of 2025. This growth rate is slightly higher than the 3.86 percent recorded in the same period of 2024, according to the latest data released by the National Bureau of Statistics (NBS).
The NBS report provides insight into the performance of various sectors, indicating that the agriculture sector experienced a growth rate of 3.79 percent, which is an improvement from the 2.55 percent recorded in the third quarter of 2024. Similarly, the industry sector saw a growth rate of 3.77 percent, up from 2.78 percent in the previous year’s third quarter. However, the services sector, which remains the dominant contributor to the economy, experienced a slowdown in growth, recording 4.15 percent compared to 4.97 percent in the third quarter of 2024.
Despite this moderation, the services sector continues to account for the largest share of the country’s GDP, making up 53.02 percent of the total, slightly above the 52.93 percent recorded in the corresponding period of 2024. This sector’s performance is crucial, given its significant contribution to the economy. The growth in the agriculture and industry sectors is also noteworthy, as it suggests efforts to diversify the economy and reduce dependence on any single sector.
The GDP growth figures are an important indicator of the country’s economic performance. Nigeria, being one of the largest economies in Africa, has been working to strengthen its economic fundamentals and attract investment. The moderate growth seen in the third quarter of 2025 reflects the ongoing efforts to enhance economic activity across various sectors. As the country looks to sustain and build on this growth, it will be essential to monitor the performance of these sectors and address any challenges that may arise.
The release of these figures by the NBS provides valuable data for policymakers, investors, and other stakeholders, helping them make informed decisions about the Nigerian economy. As the global economic landscape continues to evolve, Nigeria’s ability to maintain a steady growth trajectory will be critical to its development and competitiveness. The latest GDP figures offer a positive signal, but the country must continue to work on improving its economic environment to foster sustained growth and development.