Business News
BREAKING: Nigeria’s GDP hits N122.81trn in Q4 2025
The Q4 2025 growth rate represents an improvement from the 3.76 percent recorded in the same period of 2024, indicating stronger economic performance.
Nigeria’s economy expanded by 4.07 percent year-on-year in real terms in the fourth quarter of 2025, according to the latest Gross Domestic Product (GDP) report released on Friday by the National Bureau of Statistics.
The figure represents an improvement over the 3.76 percent growth recorded in the fourth quarter of 2024, indicating a stronger economic performance toward the end of the year.
The statistics agency reported that the agriculture sector grew by 4.00 percent, compared with 2.54 percent in the corresponding period of 2024. The industry sector expanded by 3.88 percent, up from 2.49 percent, while the services sector recorded 4.15 percent growth, slightly lower than the 4.75 percent posted in Q4 2024.
The services sector remained the largest contributor to economic output, accounting for 55.92 percent of GDP, marginally higher than the 55.87 percent recorded in the same quarter of 2024.
On a full-year basis, the economy grew by 3.87 percent in 2025, compared to 3.38 percent recorded in 2024.
The report showed that Nigeria’s aggregate nominal GDP stood at N122.81 trillion in Q4 2025, representing a 17.55 percent increase from N104.47 trillion recorded in Q4 2024.
Data from the bureau also showed that average daily crude oil production stood at 1.58 million barrels per day in Q4 2025, higher than the 1.54 million barrels per day recorded in Q4 2024, but lower than the 1.64 million barrels per day produced in Q3 2025.
The oil sector recorded 6.79 percent real growth year-on-year, compared to 2.08 percent in Q4 2024, while annual oil sector growth stood at 8.50 percent in 2025, higher than 5.54 percent recorded in 2024.
Oil contributed 2.87 percent to total real GDP in Q4 2025, slightly higher than 2.80 percent in Q4 2024, but lower than 3.44 percent recorded in the third quarter of 2025. Overall, the oil sector contributed 3.53 percent to GDP in 2025, compared to 3.38 percent in 2024.
The report showed that the non-oil sector remained dominant, contributing 97.13 percent to GDP in Q4 2025, compared to 97.20 percent in Q4 2024 and 96.56 percent in Q3 2025.
The non-oil sector grew by 3.99 percent in the fourth quarter, driven mainly by agriculture, telecommunications, real estate, trade, financial services, construction, transportation and manufacturing activities.
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