By Ikugbadi Oluwasegun
Nigeria’s economy continues to show resilience as new GDP figures point to stronger growth in the second quarter of 2025.
Following the rebasing of the Gross Domestic Product using 2019 as the base year, the National Bureau of Statistics says GDP grew by 4.23 per cent year-on-year in real terms in the second quarter of 2025. This marks an improvement from the 3.48 per cent growth recorded in the same period of 2024.
Sectoral performance shows that agriculture expanded by 2.82 per cent, while the industry sector surged to 7.45 per cent growth, up from 3.72 per cent a year earlier. The services sector also posted 3.94 per cent growth, compared to 3.83 per cent in the second quarter of 2024.
In terms of contribution, the industry sector accounted for 17.31 per cent of GDP, higher than 16.79 per cent recorded in Q2 of 2024.
Meanwhile, aggregate GDP in nominal terms stood at ₦100.73 trillion, compared to ₦84.48 trillion in the second quarter of last year—signalling a nominal growth of 19.23 per cent.
