Nigeria’s Gross Domestic Product expanded by 3.98 per cent in real terms in the third quarter of 2025, according to the latest GDP report released by the National Bureau of Statistics (NBS). The agency noted that this growth rate exceeded the 3.86 per cent posted in Q3 2024 but fell short of the 4.23 per cent achieved in Q2 2025.
The NBS report highlighted sector-by-sector performance, showing notable improvements across key industries. The Agriculture sector grew by 3.79 per cent, up from 2.55 per cent the previous year. The Industry sector also strengthened, recording a growth rate of 3.77 per cent compared to 2.78 per cent in Q3 2024. Meanwhile, the Services sector posted a growth rate of 4.15 per cent, lower than the 4.97 per cent recorded in the same quarter of 2024.
In terms of GDP structure, the Services sector remained dominant, contributing 53.02 per cent to the overall economy in Q3 2025, slightly higher than the 52.93 per cent recorded a year earlier. Aggregate GDP at basic prices stood at N113.59 trillion in nominal terms, representing an 18.22 per cent year-on-year increase from N96.160 trillion in Q3 2024.
The oil sector continued its recovery, posting a growth rate of 5.84 per cent on a year-on-year basis, an improvement from the 5.66 per cent recorded in Q3 2024. However, the sector experienced a decline of 14.62 percentage points when compared to the strong rebound of 20.46 per cent recorded in Q2 2025. The sector contributed 3.44 per cent to real GDP, slightly above the 3.38 per cent share in Q3 2024.
Average daily oil production rose to 1.64 mbpd in Q3 2025, higher than the 1.47 mbpd recorded in the previous year, though slightly below the 1.68 mbpd registered in Q2 2025. The Nigerian Upstream Petroleum Regulatory Commission had earlier reported that output fell to 1.58 mbpd in September 2025 due to a three-day industrial action by PENGASSAN and scheduled maintenance at major facilities.
The non-oil sector maintained strong momentum, contributing 96.56 per cent to GDP in Q3 2025. This reflects a marginal decline from 96.62 per cent in Q3 2024 but an improvement from 95.95 per cent in Q2 2025. Growth was driven by agriculture (crop production), telecommunications, real estate, financial services, trade, construction, and manufacturing, all contributing to positive GDP gains.
The NBS also confirmed that it has rebased the GDP series using 2019 as the new base year for improved accuracy and consistency. Previous quarterly GDP estimates have now been aligned with the rebased annual figures, providing a more reliable data series for analyzing Nigeria’s growth rate trajectory.
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