Nigeria’s GDP grew by 3.98% in Q3 2025, says NBS

National Bureau of Statistics (NBS)

The Nigerian economy grew by 3.98 percent in the third quarter of 2025, representing a sharp increase from 3.86 percent growth recorded third quarter 2024, the National Bureau of Statistics (NBS) report has shown.

The report which was released on Monday, showed that during the quarter under review, agriculture grew by 3.79 percent, an improvement from the 2.55 percent recorded in the corresponding quarter of 2024.

The growth of the industry sector stood at 3.77 percent from 2.78 percent recorded in the third quarter of 2024, while the Services sector recorded a growth of 4.15 percent from 4.97 percent in the same quarter of 2024.

In terms of share of the GDP, the services sector contributed more to the aggregate GDP in the third quarter of 2025 at 53.02 percent compared to the corresponding quarter of 2024 at 52.93 percent.

In the quarter under review, aggregate GDP at basic price stood at N113,587,291.77 million in nominal terms. This performance is higher when compared to the third quarter of 2024, which recorded an aggregate GDP of N96,160,479.86 million, indicating a year-on-year nominal growth of 18.12 percent.

The real growth of the oil sector was 5.84 (year-on-year) in Q3 2025, indicating an increase of 0.18 percent points relative to the rate recorded in the corresponding quarter of 2024 (5.66 percent).

“Growth decreased by 14.62 percent points when compared to Q2 2025, which was 20.46 percent. On a quarter-on-quarter basis, the oil sector recorded a growth rate of -5.53% in Q3 2025.

“The Oil sector contributed 3.44% to the total real GDP in Q3 2025, up from the figure recorded in the corresponding period of 2024 at 3.38 percent and down from the preceding quarter, where it contributed 4.05 percent.”

Also, the non-oil sector grew by 3.91 percent in real terms during the reference quarter (Q3 2025). This rate was higher by 0.11% points compared to the rate recorded in the same quarter of 2024, which was 3.79 percent and higher than the 3.64 percent recorded in the second quarter of 2025.

Read also: Nigeria’s Oil GDP grows by 5.84% on higher production

“This sector was driven in the third quarter of 2025 mainly by Agriculture (Crop production); Information and Communication (Telecommunications); Real Estate; Financial and Insurance (Financial Institutions); Trade; Construction; and Manufacturing, accounting for positive GDP growth.

“n real terms, the non-oil sector contributed 96.56 percent to the nation’s GDP in the third quarter of 2025, lower than the share recorded in the third quarter of 2024, which was 96.62% and higher than the second quarter of 2025 recorded as 95.95 percent,” the report stated.

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