Nigeria’s Gross Domestic Product (GDP) grew by 3.98 per cent year-on-year in real terms in the third quarter (Q3) of 2025.
The National Bureau of Statistics (NBS) revealed this in its latest data released on Monday, December 1.
The report shows that GDP grew slightly relative to the 3.86 per cent recorded in the same quarter of 2024.
“Gross Domestic Product (GDP) grew by 3.98% (year-on-year) in real terms in the third quarter of 2025.
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“This growth rate is higher than the 3.86% recorded in the third quarter of 2024,” NBS stated.
A review of the report shows that the growth was driven by expansion in the agriculture and industry sectors.
Agriculture grew by 3.79 per cent, an improvement from the 2.55 per cent in the same quarter of 2024 while by 3.77 per cent from 2.78 per cent.
The services sector recorded a growth of 4.15 per cent from 4.97 per cent.
“In terms of share of the GDP, the services sector contributed more to the aggregate GDP in the third quarter of 2025 at 53.02% compared to the corresponding quarter of 2024 at 52.93%,” NBS stated.
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It remains the largest contributor, accounting for 53.02 per cent of the total GDP, slightly higher than the 52.93 per cent in Q3 of 2024.
According to the statistics office, aggregate nominal GDP rose significantly to N113.59 trillion compared to N96.16 trillion in Q3 2024.
This represents a nominal year-on-year growth of 18.12 per cent.
Modest improvement in oil output
The report reveals that average daily oil production rose to 1.64 million barrels per day (mbpd) from 1.47 mbpd in the same period of 2024.
It was lower than the 1.68 mbpd produced in the previous quarter of this year.
Real growth in the oil sector stood at 5.84 per cent, marginally higher than the 5.66 per cent in
However, growth slowed sharply when compared to the 20.46 per cent recorded in the previous quarter.
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The NBS reported further that the oil sector contributed 3.44 per cent to real GDP higher than 3.38 per cent in Q3 of 2024.
Non-oil sector grew
According to NBS, the non-oil sector grew by 3.91 per cent in real terms, relative to 3.79 per cent in the corresponding period.
It said the non-oil economy accounted for 96.56 per cent of real GDP, slightly lower than the 96.62 per cent in Q3 2024.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X
