Nigeria’s economy grew by 3.98 per cent in the third quarter of 2025, marking a slight improvement over the 3.86 per cent recorded in the same period of 2024, according to the latest Gross Domestic Product report released by the National Bureau of Statistics.
This came as members of the Organised Private Sector cautioned that the marginal expansion is not yet reflected in the realities of small businesses and households.
The NBS report read, ”Gross Domestic Product grew by 3.98 per cent (year-on-year) in real terms in the third quarter of 2025. This growth rate is higher than the 3.86 per cent recorded in the third quarter of 2024.”
The quarterly report shows a mixed recovery across key sectors, with agriculture and industry posting stronger real growth while services maintained their dominance in overall output.
Aggregate GDP in real terms stood at N57.03tn in Q3 2025, up from N54.85tn in the corresponding quarter of the previous year.
In nominal terms, output rose by 18.12 per cent year-on-year to N113.59tn, compared with N96.16tn in Q3 2024. The services sector contributed the largest share at 53.02 per cent, followed by agriculture at 31.21 per cent.
