Nigeria’s economy recorded a strong performance in the second quarter of 2025, with the Gross Domestic Product (GDP) rising by 4.23% year-on-year, according to the National Bureau of Statistics (NBS).
This marks a clear improvement compared to 3.48% in the same quarter of 2024 and 3.13% in the first quarter of this year.
The NBS report, released on Monday, shows that the industry sector played the biggest role in driving this growth.
The sector expanded by an impressive 7.45%, more than double the 3.72% it recorded in Q2 2024. This strong push lifted Nigeria’s overall economic performance, showing how important industry has become for the country’s growth.
Agriculture also performed positively, growing by 2.82%, up from 2.60% last year. The services sector, which includes areas like banking, telecoms, and trade, recorded 3.94% growth, slightly higher than 3.83% in 2024.
In terms of contributions, the industry sector accounted for 17.31% of Nigeria’s total GDP, up from 16.79% in the same period last year. This shows how factories, construction, oil, and manufacturing are increasingly shaping the nation’s economy.
At current prices, Nigeria’s GDP in Q2 2025 stood at ₦100.73 trillion, representing a year-on-year nominal growth of 19.23% when compared to ₦84.48 trillion in Q2 2024.
Economists say the positive results give hope at a time when many Nigerians are battling high inflation and rising living costs.
While ordinary citizens may not immediately feel the impact, experts believe that if the industry sector keeps growing, it will create more jobs and gradually ease economic pressures.
The NBS noted that the rebased GDP series, using 2019 as the new base year, ensures more accurate figures. This means Nigeria’s economic story is being told with fresher and clearer data.
