The Nationwide Bureau of Statistics (NBS), says Nigeria’s Gross Home Product (GDP) charge in actual phrases grew by 3.98 per cent within the third quarter of 2025 on a year-on-year foundation.
The NBS acknowledged this within the Nigerian Gross Home Product Report Q3 2025 launched in Abuja on Monday.
The report mentioned the expansion charge was larger than the three.86 per cent recorded within the third quarter of 2024.
Nonetheless, it was decrease than the 4.23 per cent recorded in quarter two of 2025.
It mentioned the Agriculture sector grew by 3.79 per cent within the third quarter of 2025, a rise from the two.55 per cent recorded within the third quarter of 2024.
The report mentioned the Trade sector witnessed a development charge of three.77 per cent, an enchancment from the two.78 per cent recorded within the third quarter of 2024.
It mentioned the Companies sector recorded a development charge of 4.15 per cent, a lower from the 4.97 per cent recorded in Q3 2024.
The NBS mentioned when it comes to share of the GDP, the companies sector contributed extra to the combination GDP in Q3 2025 at 53.02 per cent in comparison with the 52.93 per cent recorded in Q3 2024.
The report mentioned within the third quarter of 2025, mixture GDP at fundamental worth stood at N113.59 trillion in nominal phrases.
“This efficiency is larger when in comparison with the third quarter of 2024 which recorded mixture GDP of N96.160 trillion , indicating a year-on-year nominal development of 18.22 per cent,” the NBS mentioned.
The report mentioned the oil sector witnessed a development charge of 5.84 per cent in Q3 2025 on a year-on-year foundation, displaying a rise of 0.18 per cent factors in comparison with the 5.66 per cent recorded in Q3 2024.
“Nonetheless, development decreased within the oil sector by 14.62 per cent factors when in comparison with the 20.46 per cent recorded in Q2 2025.”
It mentioned the oil sector contributed 3.44 per cent to the entire actual GDP in Q3 2025, a rise from the three.38 per cent recorded in Q3 2024 and a lower from the 4.05 per cent it contributed in Q2 2025 .
The report mentioned Q3 2025 recorded a mean each day oil manufacturing of 1.64 million barrels per day (mbpd), larger than the each day common manufacturing of 1.47 mbpd recorded in Q3 2024 by 0.17 mbpd.
“Nonetheless, the manufacturing quantity for Q3 2025 was decrease than Q2 2025, which recorded 1.68 mbpd by 0.04 mbpd.”
Recollects that in September 2025, the Nigerian Upstream Petroleum Regulatory Fee(NUPRC) mentioned crude oil manufacturing dropped to 1.58 mbpd.
Based on NUPRC, the decline was primarily because of the three day industrial motion embarked upon by the Petroleum and Pure Fuel Senior Employees Affiliation of Nigeria (PENGASSAN) , which led to the shutdown of a number of manufacturing and export services.
The cheduled upkeep at two main manufacturing services additional contributed to the drop.
It mentioned the non-oil sector contributed 96.56 per cent to the GDP in Q3 2025 in actual phrases.
“This reveals a lower from the contribution recorded in Q3 2024 at 96.62 per cent and a rise in Q2 2025 recorded at 95.95 per cent,” it mentioned.
The report mentioned the non-oil sector in Q3 2025 was pushed primarily by agriculture(crop manufacturing); info and communication(telecommunication), actual property; finance and insurance coverage(monetary establishments); commerce; development and manufacturing, all accounting for constructive GDP development.
NAN reviews that the NBS rebased the GDP with 2019 as the bottom 12 months because of the relative stability of the home economic system.
The NBS mentioned earlier quarterly GDP estimates have been benchmarked to the rebased annual estimates to align the outdated sequence with the brand new rebased estimates.
The bureau mentioned this process supplied a brand new quarterly GDP sequence in comparison with the 2025 third quarter estimates.
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