By Olatunbosun Obafemi
Nigeria’s economy grew 4.23% year-on-year in the second quarter of 2025, up from 3.48% in the same period last year, the National Bureau of Statistics said Monday. The expansion was driven by higher oil output and stronger industrial activity.
Average daily crude production rose to 1.68 million barrels per day, compared with 1.41 million barrels a year earlier. This pushed oil sector GDP growth to 20.46%, up from 10.08% in Q2 2024, raising the sector’s contribution to 4.05% of total output.
Industry expanded 7.45%, while agriculture and services grew 2.82% and 3.94% respectively. In nominal terms, GDP rose to ₦100.73 trillion, a 19.23% increase from ₦84.48 trillion in the same quarter of 2024.
The non-oil sector also advanced 3.64%, supported by gains in agriculture, telecommunications, real estate, finance, trade, and construction, though its overall share of GDP eased to 95.95% from 96.49% a year earlier.
