February 28, (THEWILL) — Nigeria’s economy sustained its growth momentum in the fourth quarter of 2025, with Gross Domestic Product (GDP) rising by 4.07 percent in real terms, while full-year expansion settled at 3.87 percent, according to the National Bureau of Statistics (NBS).
The NBS disclosed that the Q4 growth rate represented an improvement over the 3.98 percent recorded in the preceding quarter. On an annual basis, the 3.87 percent growth recorded in 2025 surpassed the 3.38 percent achieved in 2024, indicating a steady strengthening of economic activity.
Aggregate GDP at basic prices stood at ₦122.81 trillion in nominal terms in Q4 2025, compared to ₦113.58 trillion in Q3. When measured against ₦104.47 trillion recorded in Q4 2024, the economy posted a nominal growth of 17.55 percent year-on-year.
In real terms, GDP rose to ₦63.97 trillion in Q4, up from ₦57.03 trillion in the preceding quarter.
The non-oil sector continued to anchor growth, contributing 97.13 percent to real GDP in Q4 2025, higher than 96.56 percent in Q3 and broadly consistent with 97.20 percent recorded in Q4 2024.
The services sector remained the largest contributor to output, accounting for 55.92 percent of GDP in Q4 2025, compared to 55.87 percent in the corresponding quarter of 2024.
The oil sector contributed 2.87 per cent to total real GDP in Q4, lower than 3.44 percent in Q3 but slightly above the 2.80 percent recorded in Q4 2024. On a full-year basis, the oil sector contributed 3.53 percent to GDP growth in 2025, compared to 3.38 percent in 2024.
Average daily crude oil production stood at 1.58 million barrels per day in Q4 2025, compared to 1.64 million barrels per day in Q3 and 1.54 million barrels per day in Q4 2024.
Agriculture contributed 28.66 percent to aggregate real GDP in Q4 2025, down from 31.21 percent in the preceding quarter but nearly unchanged from 28.68 per lcent recorded in Q4 2024. Overall, the sector accounted for 27.55 percent of GDP in 2025, compared to 27.81 percent in 2024.
The manufacturing sector contributed 8.34 percent to GDP in Q4 2025, up from 8.06 percent in Q3 but lower than 9.27 percent in Q4 2024. For the full year, manufacturing accounted for 8.46 percent of GDP in 2025, compared to 8.85 percent in 2024.
Reacting to the figures, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said the performance underscored strengthening macroeconomic stability and reflected the impact of the Federal Government’s economic reform programme under the leadership of Bola Ahmed Tinubu.
Edun noted that the Q4 2025 performance marked the second time in a decade—excluding the immediate post-pandemic rebound—that quarterly growth had exceeded the four per cent threshold. He added that the figure followed the 4.23 percent growth recorded in Q2 2025 and represented an acceleration from the 3.76 percent posted in Q3 2024.
According to him, the expansion was driven by sustained growth across the three major sectors of the economy, with nearly 30 subsectors recording growth rates above 3.0 percent.
“This signals that growth is no longer concentrated in isolated segments but increasingly diversified across the economy,” the Minister stated.
Commenting on the full-year performance, Edun said the expansion reflected strengthening fundamentals, improved fiscal coordination, disciplined expenditure management, and reforms aimed at restoring macroeconomic credibility.
He added that the latest data sends a strong signal to foreign investors, multilateral institutions, and global stakeholders that Nigeria’s reform trajectory is gaining traction and consolidation, positioning the country as a stable and competitive destination for long-term capital.
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