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From Isaac Anumihe, Abuja
Nigeria’s economy expanded by 4.23 per cent in real terms in the second quarter of 2025, outpacing the 3.48 per cent recorded in the same period of 2024, according to the National Bureau of Statistics (NBS).
The performance was largely powered by growth in the oil and industry sectors, with agriculture and services also posting moderate gains.
Agriculture grew by 2.82 per cent, up from 2.60 per cent in Q2 2024, while industry surged by 7.45 per cent, compared to 3.72 per cent a year earlier. Services rose by 3.94 per cent, marginally higher than the 3.83 per cent recorded in Q2 2024.
In terms of contribution to GDP, the industry sector accounted for 17.31 per cent, up from 16.79 per cent in the corresponding quarter of 2024.
“In the quarter under review, aggregate GDP at basic prices stood at N100.73 trillion in nominal terms. This compares with N84.48 trillion in Q2 2024, representing a year-on-year nominal growth of 19.23 per cent. For better clarity, the Nigerian economy has been classified broadly into the oil and non-oil sectors,” the NBS said.
The oil sector recorded an average daily production of 1.68 million barrels per day (mbpd), higher than 1.41 mbpd in Q2 2024 and 1.62 mbpd in Q1 2025. Real growth in the sector stood at 20.46 per cent year-on-year, a sharp jump from 10.08 per cent in Q2 2024 and 1.87 per cent in Q1 2025.
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“The oil sector contributed 4.05 per cent to real GDP in Q2 2025, up from 3.51 per cent in Q2 2024,” the bureau stated.
The non-oil sector grew by 3.64 per cent, higher than 3.26 per cent in Q2 2024 and 3.19 per cent in Q1 2025. Key drivers included agriculture (especially crop production), ICT, real estate, trade, financial institutions, construction, and electricity.
“In real terms, the non-oil sector contributed 95.95 per cent to GDP in Q2 2025, compared to 96.49 per cent in Q2 2024 and 96.03 per cent in Q1 2025,” NBS reported.
The mining and quarrying sector—covering crude oil, natural gas, coal, metal ores, and other minerals—grew 20.86 per cent year-on-year in real terms. Within the subsectors, quarrying and other minerals expanded by 50.41 per cent, coal mining by 32.59 per cent, while crude petroleum and gas remained the dominant contributor with 93.9 per cent weight.
Nominally, the sector grew 4.61 per cent, but its share of overall GDP fell to 2.98 per cent, down from 3.40 per cent in Q2 2024 and 4.38 per cent in Q1 2025.
“The contribution of mining and quarrying to real GDP in Q2 2025 stood at 4.23 per cent, higher than 3.64 per cent in Q2 2024 and 4.22 per cent in Q1 2025,” NBS said.
