Nigeria’s GDP Expands 4.07% in Q4 2025 – NBS
Nigeria’s economy grew by 4.07% year-on-year in real terms in Q4 2025, according to the latest GDP report released by the National Bureau of Statistics (NBS).
The figure is higher than the 3.76% growth recorded in Q4 2024, with agriculture, industry, and services all contributing positively. Agriculture expanded by 4.00%, industry by 3.88%, and services by 4.15%.
The services sector remained the largest contributor, accounting for 55.92% of GDP, slightly up from 55.87% in Q4 2024.
On an annual basis, Nigeria’s GDP grew by 3.87% in 2025, compared to 3.38% in 2024. In nominal terms, aggregate GDP stood at ₦122.81 trillion, up 17.55% from ₦104.47 trillion in Q4 2024.
Oil production averaged 1.58 million barrels per day (mbpd) in Q4 2025, higher than 1.54 mbpd in Q4 2024 but lower than 1.64 mbpd in Q3 2025. The oil sector grew by 6.79% year-on-year, up from 2.08% in Q4 2024.
Despite quarter-on-quarter contraction of -6.30%, the oil sector’s annual growth rate stood at 8.50%, higher than 5.54% in 2024. It contributed 2.87% to real GDP in Q4 2025, slightly above 2.80% in Q4 2024.
The non-oil sector grew by 3.99% in Q4 2025, contributing 97.17% to GDP. Key drivers included agriculture, ICT, real estate, trade, finance, construction, transport, and manufacturing.
NBS noted that while the non-oil sector’s share dipped slightly compared to Q4 2024, it remained the backbone of Nigeria’s economy, accounting for 96.47% of GDP in 2025.