Nigeria’s economy recorded a 4.23% growth in Gross Domestic Product (GDP) in the second quarter of 2025, according to the latest report released by the National Bureau of Statistics (NBS). The growth was largely attributed to strong performance in the industry sector, which outpaced other segments of the economy.
The NBS report revealed that the industry sector contributed significantly to the nation’s overall output, driven by improvements in manufacturing, construction, and solid minerals. Analysts note that this sector’s resilience underscores Nigeria’s gradual economic recovery despite global headwinds.
Sectoral Breakdown
- Industry Sector: Recorded the strongest performance, serving as the key driver of GDP expansion.
- Services Sector: Continued to contribute steadily, particularly in ICT, trade, and finance.
- Agriculture Sector: Showed moderate growth, sustaining its role as a backbone for employment and food supply.
The Q2 2025 GDP growth rate of 4.23% marks an improvement compared to the previous quarter, reflecting Nigeria’s ongoing efforts to diversify its economy. Experts suggest that sustained investment in infrastructure and industrialization could further boost growth in the coming quarters
Dr. Chinedu Obasi, an economic analyst, explained:
“The rebound in the industry sector is a positive sign. If the government continues to support local manufacturing and address energy challenges, Nigeria could sustain higher GDP growth in the long term.”
Looking Ahead
With the industry sector now leading Nigeria’s economic expansion, stakeholders are calling for policies that strengthen the business environment, encourage foreign direct investment, and enhance job creation.
The NBS report also emphasized the need for balanced growth across agriculture and services to ensure inclusive development.
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