LunagisthubNigeria’s GDP Sees 3.13% Growth in Q1 2025
Nigeria’s economy has shown signs of growth, with the Gross Domestic Product (GDP) increasing by 3.13% in real terms in the first quarter of 2025. According to the National Bureau of Statistics (NBS), this growth represents an improvement over the 2.27% growth recorded in the same period in 2024.
The NBS attributes the economic performance to the services and industry sectors, which have played a significant role in driving growth. This positive trend is a welcome development for the country’s economy.
In related news, the country’s GDP has been rebased to 205 trillion naira, using 2019 as the base year. This represents a 41.7% increase compared to the figures obtained during the 2014 GDP rebasing exercise. The rebased GDP provides a more accurate picture of the country’s economic performance.
The 3.13% growth in GDP is a positive indicator of Nigeria’s economic progress. As the country continues to navigate economic challenges, this growth trend is a step in the right direction. It will be interesting to see how the economy performs in the coming quarters.
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