Nigeria GDP Grows in Q1

2025-07-23 12:27 By Dongting Liu 1 min. read

Nigeria’s economy expanded by 3.13% year-on-year in the first quarter of 2025, accelerating from 2.27% in the same period last year.

The services sector remained the key growth engine, rising 4.33% and contributing 57.5% to GDP.

Within services, telecommunications and information services posted a robust 7.40% expansion, accounting for 10.59% of overall output.

The industrial sector gained further traction, rising 3.42% (vs. 2.35% in Q1 2024).

However, growth in the oil sector moderated to 1.87% (vs. 4.71%).

Meanwhile, the manufacturing sector recorded a modest pickup of 1.69% (vs. 0.11%), contributing 9.62% to GDP.

Key drivers included food, beverage and tobacco, chemical and pharmaceutical products, and cement.

Moreover, the agriculture sector edged up 0.07%, rebounding from a 1.79% contraction in Q1 2024.



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