Nigeria’s Gross Domestic Product (GDP) expanded by 4.23 percent year-on-year in real terms during the second quarter of 2025, according to the latest data released by the National Bureau of Statistics (NBS).
The figure reflects a stronger economic performance compared to the 3.48 percent growth recorded in the corresponding period of 2024 and an improvement on the 3.13 percent growth posted in the first quarter of 2025.
Analysts attribute the positive momentum to a mix of policy reforms, rising domestic production, improved oil output and expansion in non-oil sectors such as agriculture, services and manufacturing. The growth also comes against the backdrop of ongoing economic adjustments aimed at stabilising inflation, attracting foreign investment and enhancing job creation.
The Q2 2025 results highlight the resilience of Africa’s largest economy, with experts noting that sustained structural reforms and targeted fiscal interventions will be critical to maintaining this upward trajectory in subsequent quarters.