December 02, (THEWILL) — Nigeria’s economy expanded by 3.98 percent in the third quarter of 2025, supported largely by stronger-than-expected performance in the agricultural and industrial sectors, according to newly released data from the National Bureau of Statistics (NBS).
The latest GDP figures mark one of the country’s strongest quarterly performances in recent years, reflecting ongoing recovery efforts, improved foreign exchange stability, and increased investment inflows into key production segments.
The agricultural sector, which remains Nigeria’s largest employer of labour, recorded solid growth as favourable weather conditions and targeted government interventions boosted crop production. Enhanced access to mechanisation equipment, fertiliser distribution reforms, and expansion in commercial farming also contributed to the sector’s improved output.
Similarly, the industrial sector posted notable gains, driven by increased manufacturing activity, higher capacity utilisation, and improved energy supply across several industrial corridors.
Growth was particularly strong in food processing, cement production, textiles, and light manufacturing, signalling rising domestic demand and a gradual return of investor confidence.
Analysts say the Q3 performance offers encouraging signs that Nigeria may be stabilising after years of economic volatility marked by inflationary pressures, currency fluctuations, and disruptions in global supply chains.
The growth trajectory highlights the resilience of Nigeria’s real sector and the impact of ongoing reforms aimed at boosting productivity and reducing import dependence.
However, it is noted that sustaining this momentum will require continued investment in infrastructure, deeper support for local industries, and policies that enhance competitiveness and improve the ease of doing business.
With the final quarter of the year already underway, policymakers will be watching closely to see whether the momentum from agriculture and industry can offset lingering challenges such as high inflation, foreign-exchange liquidity constraints, and rising production costs.
If maintained, the strong Q3 results could position Nigeria for a more positive full-year economic performance than previously projected.
Ogochukwu Onwaeze
