Nigeria’s economy displayed moderate expansion in the third quarter of 2025, with real Gross Domestic Product (GDP) rising by 3.98 percent. This figure modestly exceeds the 3.86 percent growth recorded for the same period in 2024, according to the latest National Bureau of Statistics (NBS) release.
The NBS report highlights sectoral performance. Agriculture grew by 3.79 percent, up from 2.55 percent a year earlier, while industry expanded by 3.77 percent, improving on the 2.78 percent recorded in the third quarter of 2024. In contrast, the services sector—still the economy’s dominant contributor—saw its growth slow to 4.15 percent from 4.97 percent in the comparable 2024 period. Despite the slowdown, services remain the largest share of GDP at 53.02 percent, slightly higher than the 52.93 percent share in 2024.
The gains in agriculture and industry are noteworthy, suggesting progress toward diversifying the economy and reducing reliance on any single sector. As one of Africa’s largest economies, Nigeria continues to strengthen its economic fundamentals and attract investment. The moderate third‑quarter growth of 2025 reflects these ongoing efforts to boost activity across multiple sectors.
Looking ahead, sustaining and building on this growth will require close monitoring of sectoral performance and proactive management of emerging challenges. The NBS data provide valuable insight for policymakers, investors, and other stakeholders, enabling more informed decisions about Nigeria’s economic trajectory. As the global economic landscape evolves, maintaining a steady growth path will be crucial for Nigeria’s development and competitiveness. The latest GDP figures offer a positive signal, but continued improvements to the economic environment are essential for sustained growth and development.
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