Nigeria’s economy grew by 3.98% in the third quarter of 2025, according to the latest Gross Domestic Product report released by the National Bureau of Statistics on Monday. The figure reflects a slight improvement from the 3.86% recorded in Q3 2024.
The report shows a generally positive performance across major sectors, with real GDP rising to ₦57.03 trillion, up from ₦54.85 trillion in the same period last year.
The Services sector remained the biggest contributor to the economy at 53.02%, followed by Agriculture at 31.21%. Growth was driven largely by crop production, telecommunications, real estate, trade, and financial services.
The non-oil sector continued to power the economy, growing by 3.91%, stronger than both Q3 2024 (3.79%) and Q2 2025 (3.64%). Agriculture expanded by 3.79%, boosted mainly by crop production.
The ICT sector recorded impressive real growth of 5.78%, raising its share of real GDP to 9.10%, while Financial and Insurance Services surged by 19.63%.
However, Manufacturing slowed to 1.25%, down from 1.74% in the previous quarter.
The oil sector posted a modest real growth of 5.84%, helped by an increase in average crude oil production to 1.64 million barrels per day, up from 1.47 mbpd a year earlier. Despite this improvement, the sector contributed only 3.44% to real GDP.
Statistician-General Prince Adeyemi Adeniran noted that although many sectors maintained positive momentum, growth remains uneven. He highlighted ICT, finance, agriculture, and trade as key stabilizers of the economy.
The data supports the IMF’s October 2025 outlook, which upgraded Nigeria’s expected growth to 3.9%, driven by higher oil output, improved investor confidence, and supportive fiscal policies.