By Ayomide Otitoju
Nigeria’s Gross Domestic Product (GDP) grew by 4.23% year-on-year in the second quarter of 2025, marking a stronger performance compared to the 3.48% recorded in the same period of 2024, according to data released by the National Bureau of Statistics (NBS).
The report highlighted broad-based growth across major sectors. Agriculture expanded by 2.82% in real terms, up from 2.60% in Q2 2024, while the industry sector surged by 7.45%, more than double the 3.72% growth recorded a year earlier. The services sector also strengthened, rising by 3.94% compared to 3.83% in Q2 2024. Industry’s share of GDP rose to 17.31%, from 16.79% in the same quarter last year.
In nominal terms, GDP stood at ₦100.73 trillion in Q2 2025, up from ₦84.48 trillion a year earlier, representing a year-on-year growth of 19.23%.
Oil Sector Rebound
Crude oil production averaged 1.68 million barrels per day during the quarter, higher than the 1.41 mbpd recorded in Q2 2024 and the 1.62 mbpd in Q1 2025. This increase drove oil sector GDP growth to 20.46%, up sharply from 10.08% in Q2 2024 and 1.87% in Q1 2025. The oil sector contributed 4.05% to GDP, compared to 3.51% a year earlier.
The mining and quarrying subsector also expanded significantly by 20.86% in real terms, buoyed by a 50.41% rise in quarrying and other minerals and a 32.59% jump in coal mining. Its share of GDP rose to 4.23%, from 3.64% in Q2 2024.
Non-Oil Sector Performance
The non-oil sector posted real growth of 3.64%, compared to 3.26% in Q2 2024 and 3.19% in Q1 2025. Growth was supported by strong activity in agriculture (crop production), information and communications (telecoms), real estate, financial services, trade, construction, and power supply.
Despite the expansion, the non-oil sector’s share of GDP slipped slightly to 95.95% in Q2 2025, down from 96.49% a year earlier.
According to the NBS, the results reflect stronger activity across key sectors, with gains in oil output and industrial performance reinforcing Nigeria’s economic recovery and resilience.
