Nigeria's economy expanded by 4.23% year-on-year in real terms during the second quarter of 2025, the National Bureau of Statistics (NBS) has reported.
This marks the fastest growth rate in four years, up from 3.48% in Q2 2024 and 3.13% in Q1 2025.
The NBS data shows that the oil sector saw a sharp rebound, with output rising to 1.68 million barrels per day, up from 1.41 million bpd a year earlier. The oil industry grew by about 20.46% year-on-year.
Growth in the non-oil sectors continued, with a rate of 3.64%, including gains in agriculture, industry, services, trade, and telecommunications.
Within non-oil sectors, the industry sector recorded the strongest expansion at 7.45%, while agriculture grew by 2.82% and services by 3.94%.
The reported growth follows a recent GDP rebasing, in which the base year was updated from 2010 to 2019.
Nominal GDP also increased by about 19.23% year-on-year, from ₦84.48 trillion in Q2 2024 to ₦100.73 trillion in Q2 2025.
