Nigeria’s economy has shown a positive trend, with real GDP expanding by 3.98 percent in the third quarter of 2025, surpassing the 3.86 percent recorded in the same quarter of 2024, according to the National Bureau of Statistics (NBS). The NBS attributes this increase to improvements across several sectors. Agriculture grew by 3.79 percent, up from 2.55 percent a year earlier, while industry expanded by 3.77 percent, compared with 2.78 percent in the third quarter of 2024. The services sector, the largest contributor to GDP, recorded growth of 4.15 percent—lower than the 4.97 percent seen in the corresponding quarter of 2024—but still accounted for 53.02 percent of total GDP, slightly above the 52.93 percent share in 2024.
In nominal terms, aggregate GDP reached N113.58 trillion, reflecting a year‑on‑year nominal growth of 18.12 percent, well above the N96.16 trillion recorded in the third quarter of 2024. The NBS report highlights this performance as a strong indicator of Nigeria’s economic progress and suggests a positive outlook for the near future.
Looking ahead, the International Monetary Fund projects Nigeria’s real GDP to rise to 4.2 percent in 2026, reinforcing the country’s promising economic prospects. The NBS data serve as a vital tool for policymakers, investors, and economists, providing insight into sectoral trends and informing decisions that will drive continued growth.
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