The National Bureau of Statistics (NBS) has reported that Nigeria’s transportation and storage sector grew by 13.67% in nominal terms during the second quarter (Q2) of 2025, buoyed by positive performance across all six sub-sectors.
According to the latest Gross Domestic Product (GDP) report released on Monday, the sector’s performance outpaced the 8.47% growth recorded in Q2 2024, although it fell below the unusually high 53.56% growth seen in Q1 2025.
“All six sub-activities :road transport, rail transport and pipelines, water transport, air transport, transport services, and post and courier services recorded positive growth rates,” the NBS stated.
However, the sector saw a sharp quarter-on-quarter decline of -50.47%, highlighting a significant drop in activity compared to the previous quarter.
The transport sector’s contribution to nominal GDP in Q2 2025 stood at 0.70%, slightly down from 0.73% in Q2 2024 and 1.51% in Q1 2025.
In real terms, the transportation and storage sector expanded by 22.09% year-on-year in Q2 2025, representing a substantial 30.18 percentage point increase from the same period in 2024, and 8.01 points higher than Q1 2025.
Quarter-on-quarter, real growth declined by -31.83%, with the sector contributing 0.65% to real GDP, an improvement from 0.56% in Q2 2024 but below 0.99% recorded in Q1 2025.
The report also revealed that Nigeria’s trade sector recorded a robust 43.83% growth in nominal terms in the second quarter of 2025, significantly outperforming the 34.34% growth recorded in Q2 2024 and 9.13% in Q1 2025.
“This represents an increase of 9.49 percentage points year-on-year and 34.70 points over the previous quarter,” the NBS noted.
The quarter-on-quarter nominal growth rate for trade stood at a striking 78.96%, underlining a sharp recovery in trade activity.
In terms of GDP contribution, trade accounted for 25.93% of nominal GDP in Q2 2025, up from 21.49% in the same period last year and 15.52% in the previous quarter.
However, in real terms, trade posted a year-on-year growth of just 1.29%, down from 1.82% in Q2 2024 and 1.78% in Q1 2025. On a quarter-on-quarter basis, real trade grew by 4.18%.
Trade’s contribution to real GDP in Q2 stood at 18.28%, slightly below 18.81% in Q2 2024, but above the 18.21% recorded in Q1.
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