Nigeria’s Gross Domestic Product (GDP) grew by 4.23 per cent year-on-year in the second quarter of 2025, according to figures released by the National Bureau of Statistics (NBS).

The figure marks an improvement from the 3.48 per cent growth recorded in the same quarter of 2024, underscoring resilience in the economy.

The agriculture sector grew by 2.82 per cent, up from 2.60 per cent a year earlier. Industry expanded by 7.45 per cent, compared with 3.72 per cent in 2024, while services grew by 3.94 per cent.

The industry sector’s share of GDP rose to 17.31 per cent, up from 16.79 per cent in Q2 2024. Nominal GDP stood at N100.73 trillion, representing a 19.23 per cent increase from N84.48 trillion in the same period last year.

Oil production was a key driver of growth, averaging 1.68 million barrels per day (mbpd), higher than the 1.41 mbpd in Q2 2024 and the 1.62 mbpd in Q1 2025. This translated into a 20.46 per cent real GDP growth in the oil sector, up from 10.08 per cent a year earlier.

The mining and quarrying subsector grew by 20.86 per cent, with quarrying and other minerals expanding by 50.41 per cent and coal mining by 32.59 per cent.

Meanwhile, the non-oil sector recorded 3.64 per cent growth, up from 3.26 per cent in Q2 2024. However, its share of GDP slipped to 95.95 per cent, compared with 96.49 per cent in the same quarter last year.

The NBS attributed the performance to stronger activity across key sectors, particularly oil and industrial output.