Nigeria GDP Grows Slightly Faster in Q4

The economy of Nigeria grew by 4.07% year-on-year in Q4 2025, up slightly from a 3.98% expansion in the prior period. The all-important oil sector advanced by 6.79%, accelerating from 5.84% in Q3, amid higher oil production compared to the previous year. The average daily crude oil production reached 1.58 million barrels per day in Q4, up from 1.54 million bpd in the same period last year, but down from 1.64 million bpd in Q3. Meanwhile, the non-oil sector rose by 3.99%, up from 3.91% in Q3, mainly boosted by agriculture (4%), information and communication (7.55%); real estate (3.43%); finance and Insurance (8.30); trade (2%); construction (5.08%); and manufacturing (1.13%). Considering the whole year of 2025, Nigeria's economic growth reached 3.9%, above the 3.4% achieved the previous year.

The economy of Nigeria grew by 3.98% year-on-year in Q3 2025, slowing from a 4.23% expansion in the prior period, which was the strongest since Q2 2021. The non-oil sector, which contributed 96.6% to the GDP, rose by 3.91% in Q3, up from 3.64% in Q2, mainly boosted by agriculture (3.79% vs 2.82% in Q2); information and communication (5.78% vs 6.61%); real estate (3.50% vs 3.79%); financial and Insurance (19.63% vs 16.13%); trade (1.98% vs 1.29%); construction (5.57% vs 5.27%); and manufacturing (1.25% vs 1.60%). Meanwhile, the oil sector expanded by 5.84%, decelerating sharply from 20.46% in the previous period. The average daily crude oil production reached 1.64 million barrels per day in Q3, below 1.68 million bpd in Q2 but higher than 1.47 million bpd in Q3 2024.

The economy of Nigeria expanded by 4.23% year-on-year in Q2 2025, up from 3.13% in the previous period, reflecting stronger momentum after a rebasing of the national accounts using 2019 as the base year. This represents the highest quarterly growth since Q2 2021, fueled by a 7.45% expansion in the industrial sector, largely driven by oil. Crude oil production averaged 1.68 million barrels per day—the highest since 2020—helping the oil sector surge 20.46%. At the same time, the services sector, which accounts for over half of GDP, grew by 3.94% in Q2, led by robust growth in telecommunications, information services, real estate, and financial services. Meanwhile, agricultural activity advanced by 2.82%.