By Our Reporter
The National Bureau of Statistics (NBS) has reported that Nigeria’s Gross Domestic Product (GDP) grew by 4.23 per cent year-on-year in real terms in the second quarter of 2025.
According to the Q2 2025 GDP report, the growth rate is higher than the 3.48 per cent recorded in the same quarter of 2024.
The report shows that agriculture grew by 2.82 per cent, compared to 2.60 per cent in Q2 2024. The industry sector recorded 7.45 per cent growth, up from 3.72 per cent in the same quarter of 2024, while the services sector grew by 3.94 per cent against 3.83 per cent last year.
In terms of GDP share, the industry sector contributed 17.31 per cent to the aggregate GDP in Q2 2025, compared to 16.79 per cent in Q2 2024.
NBS further disclosed that aggregate GDP at basic prices stood at N100.73 trillion in nominal terms, higher than N84.48 trillion recorded in Q2 2024, representing a year-on-year nominal growth of 19.23 per cent.