LunagisthubNigeria’s GDP Grows 3.98% in Q3 2025: A Closer Look at the Numbers
The National Bureau of Statistics (NBS) has released the latest Gross Domestic Product (GDP) report for Nigeria, showing a growth rate of 3.98% in the third quarter of 2025. This marks a slight improvement over the 3.86% recorded in the same period of 2024 [1].
The report highlights a mixed recovery across key sectors, with agriculture and industry posting stronger real growth while services maintained their dominance in overall output. The services sector contributed the largest share to GDP, accounting for 53.02%, followed by agriculture at 31.21% – Agriculture grew by 3.79%, improving significantly from the previous year’s 2.55%.
– The oil sector posted a real growth rate of 5.84%, up from 5.66% in Q3 2024.
– Manufacturing growth slowed to 1.25% in real terms, down slightly from 1.74% in Q2 2025.
– Information and communication services continued to outperform most major activities, with a real growth rate of 5.78%
The GDP growth rate of 3.98% indicates a moderate expansion of Nigeria’s economy, driven by stronger activities in crop production, telecommunications, real estate, trade, and financial services. However, the pace of growth remains uneven, with oil sector volatility and subdued manufacturing growth highlighting ongoing vulnerabilities
The International Monetary Fund (IMF) has revised Nigeria’s economic growth outlook upward, projecting a 3.9% GDP expansion in 2025. This growth is attributed to higher oil production, stronger investor confidence, and a more supportive fiscal stance
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