Nigeria’s economy expanded by 3.98 percent (year-on-year) in real terms during Q3 2025, according to data released on Monday by the National Bureau of Statistics (NBS).
In its new publication, the agency noted that the figure surpasses the 3.86 percent growth achieved in Q3 2024.
According to the report:
“Gross Domestic Product (GDP) grew by 3.98% (year-on-year) in real terms in the third quarter of 2025.
This growth rate is higher than the 3.86% recorded in the third quarter of 2024. During the quarter under review, agriculture grew by 3.79%, an improvement from the 2.55% recorded in the corresponding quarter of 2024,” the bureau stated.
NBS also highlighted that the industry sector posted a 3.77 percent rise, compared to 2.78 percent in the same period of 2024. Meanwhile, the services sector grew by 4.15 percent, slightly lower than the 4.97 percent recorded the previous year.
The report added that the total GDP at basic prices reached N113.58 trillion in nominal terms.
It further noted:
“The growth of the Industry sector stood at 3.77% from 2.78% recorded in the third quarter of 2024, while the Services sector recorded a growth of 4.15% from 4.97% in the same quarter of 2024. In terms of share of the GDP, the services sector contributed more to the aggregate GDP in the third quarter of 2025 at 53.02% compared to the corresponding quarter of 2024 at 52.93%.”
The bureau also emphasized that this outcome is stronger than the performance in Q3 2024, which reported an aggregate GDP of N96.16 trillion, representing a nominal 18.12 percent year-on-year increase.