Agriculture, industry, and services sectors record steady improvements as Nigeria posts stronger year-on-year GDP growth.
Nigeria’s economy continued its upward trajectory in the third quarter of 2025, with the country’s Gross Domestic Product (GDP) rising by 3.98 percent year-on-year in real terms, according to new data released on Monday by the National Bureau of Statistics (NBS).
The latest figure surpasses the 3.86 percent growth rate recorded in the same quarter of 2024, reflecting a modest but steady improvement across key sectors.
In its report, the NBS noted that the agricultural sector recorded a growth of 3.79 percent in Q3 2025, up from 2.55 percent in the corresponding period last year. The bureau attributed the improvement to stronger performance across crop production and other agricultural activities.
The industry sector also expanded, posting a 3.77 percent growth rate compared to 2.78 percent in Q3 2024, signalling ongoing recovery in manufacturing and extractive industries. Meanwhile, the services sector grew by 4.15 percent, slightly lower than the 4.97 percent recorded a year earlier, but still maintaining its position as the dominant contributor to the economy.
According to the NBS, the services sector accounted for 53.02 percent of the total GDP in Q3 2025, up from 52.93 percent in the same quarter of 2024—reinforcing its role as Nigeria’s largest economic driver.
The report also highlighted that Nigeria’s nominal GDP at basic prices rose to N113.58 trillion, higher than the N96.16 trillion recorded in Q3 2024. This represents a year-on-year nominal growth of 18.12 percent.
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