Nigeria’s Dollar GDP Rises 22% to $307bn 

Nigeria’s dollar GDP rose by 22% to $307.5 billion in 2025, driven by stronger economic output and a firmer naira, according to a report by Quartus Economics.

The report, Nigeria on the Rise Again, noted that nominal GDP grew by 18.43%, while the naira appreciated by about 3%, boosting the dollar value of the economy from $252bn in 2024.

Nominal GDP expanded from ₦372.8 trillion in 2024 to ₦441.5 trillion in 2025, while the average exchange rate strengthened from ₦1,479/$ to ₦1,436/$, contributing to the overall growth.

Nigeria’s performance outpaced the Sub-Saharan Africa average of 10.33% and exceeded growth in South Africa, Egypt, Algeria, Kenya, Morocco, and others, with only Ghana recording stronger growth at 37.7%.

The report said Nigeria accounted for 28% of Africa’s total GDP growth in dollar terms in 2025, raising its share of the continent’s GDP to 14.43%, up from 13.05% in 2024.

GDP per capita also rose by 19.5% to $1,295, despite population growth of 2.1%. The increase exceeded the regional average of 7.7% and surpassed growth in several major African economies.

Quartus Economics attributed the improvement to currency stability, steady production growth, and moderating population expansion, noting that Nigeria’s economy is now expanding faster than its population, reversing earlier trends that worsened poverty.

The report concluded that Nigeria’s growth momentum is back on track, but sustaining it will require consistent macroeconomic policies, deeper structural reforms, and stronger productivity across key sectors.