By Nchetachi Chukwuajah
The National Bureau of Statistics (NBS) says Nigeria’s Gross Domestic Product (GDP) expanded by 4.07 per cent in real terms year-on-year in the fourth quarter (Q4) of 2025.
This was contained in the latest GDP report released on Friday, February 27, by the NBS, which shows that the GDP had a stronger performance in Q4 2025 compared to the 3.76 per cent growth recorded in the corresponding period of 2024.
The NBS report also showed that the economy grew by 3.87 per cent for the full year 2025, up from 3.38 per cent in 2024.
It stated that the improved fourth-quarter performance reflected stronger activities across agriculture and industry, while growth in services moderated slightly during the period under review.
The NBS noted that following the rebasing of GDP using 2019 as the base year, previous quarterly estimates were benchmarked to align with the rebased annual figures, providing a new quarterly GDP series for comparison.
According to the data, the agricultural sector grew by four per cent in real terms in Q4 2025, an improvement from the 2.54 per cent recorded in the same quarter of 2024.
The report indicated that the sector’s performance was largely driven by crop production, which accounted for 64.75 per cent of the overall nominal value of agriculture in the quarter.
It also stated that the industry sector expanded by 3.88 per cent in Q4 2025 compared to 2.49 per cent in the fourth quarter of 2024.
The services sector also grew by 4.15 per cent, although the Q4 2025 performance was slightly lower than the 4.75 per cent growth posted in the corresponding quarter of 2024.
The report noted that in terms of contribution to aggregate GDP, services remained dominant, accounting for 55.92 per cent in Q4 2025, slightly higher than the 55.87 per cent recorded in the same period of 2024.
Aggregate GDP at basic prices stood at N122.81 trillion in nominal terms during the fourth quarter of 2025, representing a year-on-year nominal growth of 17.55 per cent compared to N104.48 trillion recorded in Q4 2024.
The data report also stated that Nigeria recorded an average daily oil production of 1.58 million barrels per day (mbpd) in the fourth quarter.
The quarter’s oil output was higher than the 1.54 mbpd recorded in the corresponding quarter of 2024 but slightly lower than the 1.64 mbpd achieved in the third quarter of 2025.
The report added that the oil sector grew by 6.79 per cent year-on-year in real terms in Q4 2025, representing an increase of 4.71 percentage points compared to the 2.08 per cent recorded in Q4 2024.
On a quarter-on-quarter basis, the sector contracted by 6.3 per cent, but grew by 8.5 per cent on an annual basis in 2025, higher than the 5.54 per cent recorded in 2024.
The sector’s contribution to real GDP stood at 2.87 per cent in Q4 2025, slightly higher than 2.80 per cent in Q4 2024 but lower than the 3.44 per cent recorded in Q3 2025.
The NBS stated that the oil sector contributed 3.53 per cent to GDP in 2025, up from 3.38 per cent in 2024.
On the other hand, the non-oil sector continued to dominate the economy, as it grew by 3.99 per cent in real terms in Q4 2025, compared to 3.80 per cent in the same quarter of 2024 and 3.91 percent in Q3 2025.
According to the NBS, key drivers of non-oil growth included crop production, telecommunications under information and communication, real estate, trade, financial institutions, construction, road transport, and manufacturing of food, beverages, and tobacco.
The non-oil sector contributed 97.13 per cent to real GDP in Q4 2025, slightly lower than the 97.20 per cent recorded in Q4 2024 but higher than 96.56 per cent in Q3 2025.
For the full year, the sector accounted for 96.47 per cent of GDP, compared to 96.62 per cent in 2024.
The NBS report stated that the manufacturing sector recorded nominal year-on-year growth of 5.80 per cent in Q4 2025, lower than the 13.14 per cent posted in Q4 2024 but higher than 3.45 percent in Q3 2025.
