Nigeria’s Gross Domestic Product (GDP) grew by 3.98 per cent year-on-year in real terms in the third quarter of 2025, the National Bureau of Statistics (NBS) has said.
The NBS said this growth rate is higher than the 3.86 per cent recorded in the third quarter of 2024.
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The statistics bureau said this in its “Nigerian Gross Domestic Product (GDP) Report Q3 2025” released on Monday.
During the quarter under review, the bureau said agriculture grew by 3.79 per cent, an improvement from the 2.55 per cent recorded in the corresponding quarter of 2024.
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It explained that the growth of the industry sector stood at 3.77 per cent, up from 2.78 per cent recorded in the third quarter of 2024, while the services sector recorded a growth of 4.15 per cent, down from 4.97 per cent in the same quarter of 2024.
In terms of share of the GDP, the NBS said the services sector contributed more to the aggregate GDP in the third quarter of 2025 at 53.02 per cent compared to the corresponding quarter of 2024 at 52.93 per cent.
“In the quarter under review, aggregate GDP at basic price stood at N113,587,291.77 million in nominal terms. This performance is higher when compared to the third quarter of 2024, which recorded an aggregate GDP of N96,160,479.86 million, indicating a year-on-year nominal growth of 18.12 per cent,” the NBS said.
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Oil sector
The NBS said the nation in the third quarter of 2025 recorded an average daily oil production of 1.64 million barrels per day (mbpd), higher than the daily average production of 1.47 mbpd recorded in the same quarter of 2024 by 0.17 mbpd and lower than the second quarter of 2025 production volume of 1.68 mbpd by 0.04mbpd.
It said the real growth of the oil sector was 5.84 (year-on-year) in Q3 2025, indicating an increase of 0.18 percentage points relative to the rate recorded in the corresponding quarter of 2024 (5.66 per cent).
According to the bureau, growth decreased by 14.62 percentage points when compared to Q2 2025, which was 20.46 per cent. Thus, on a quarter-on-quarter basis, the oil sector recorded a growth rate of -5.53 per cent in Q3 2025.
“The oil sector contributed 3.44 per cent to the total real GDP in Q3 2025, up from the figure recorded in the corresponding period of 2024 at 3.38 per cent. and down from the preceding quarter, where it contributed 4.05 per cent,” it added.
Non-oil sector
The non-oil sector grew by 3.91 per cent in real terms during the reference quarter (Q3 2025).
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The NBS said this rate was higher by 0.11 percentage points compared to the rate recorded in the same quarter of 2024, which was 3.79 per cent and higher than the 3.64 per cent recorded in the second quarter of 2025.
“This sector was driven in the third quarter of 2025 mainly by agriculture (crop production); information and communication (telecommunications); real estate; financial and insurance (financial institutions); trade; construction; and manufacturing, accounting for positive GDP growth,” it said.
In real terms, the NBS said the non-oil sector contributed 96.56 per cent to the nation’s GDP in the third quarter of 2025, lower than the share recorded in the third quarter of 2024, which was 96.62 per cent and higher than the second quarter of 2025, recorded as 95.95 per cent.
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