Nigeria’s economy expanded by 4.07 percent year-on-year in the fourth quarter of 2025, marking an improvement over the 3.76 percent growth recorded in the same period of 2024, according to the National Bureau of Statistics (NBS).
In its latest GDP report released Friday, the statistics agency said full-year growth for 2025 stood at 3.87 percent, higher than the 3.38 percent recorded in 2024.
Sectoral data showed broad-based expansion across agriculture, industry and services during the quarter under review.
“During the quarter under review, agriculture grew by 4.00%, an improvement from the 2.54% recorded in the corresponding quarter of 2024,” NBS said.
“The growth of the industry sector stood at 3.88% from 2.49% recorded in the fourth quarter of 2024, while the services sector recorded a growth of 4.15% from 4.75% in the same quarter of 2024.”
The services sector remained the largest contributor to output, accounting for 55.92 percent of GDP in Q4 2025, slightly above the 55.87 percent share posted a year earlier.
In nominal terms, aggregate GDP for the quarter rose to N122.81 trillion, compared with N104.47 trillion in Q4 2024, representing year-on-year growth of 17.55 percent.
Oil sector performance
The NBS reported that average daily crude oil production stood at 1.58 million barrels per day (mbpd) in Q4 2025, up from 1.54 mbpd in the corresponding quarter of 2024 but below the 1.64 mbpd recorded in the third quarter of 2025.
“The real growth of the oil sector was 6.79 (year-on-year) in Q4 2025, indicating an increase of 4.71% points relative to the rate recorded in the corresponding quarter of 2024 (2.08%),” the bureau said.
“Growth increased by 0.95% points when compared to Q3 2025, which was 5.84%. On a quarter-on-quarter basis, the oil sector recorded a growth rate of -6.30% in Q4 2025.
“The annual growth rate of oil stood at 8.50%, higher than the 5.54% recorded in 2024.”
Oil contributed 2.87 percent to total real GDP in Q4 2025, slightly above the 2.80 percent share in the same period of 2024 but lower than the 3.44 percent recorded in Q3 2025. Overall, the sector accounted for 3.53 percent of GDP in 2025.
Non-oil sector dominates
The non-oil economy continued to drive growth, expanding by 3.99 percent in Q4 and accounting for 97.13 percent of real GDP.
“This rate was higher by 0.19% points compared to the rate recorded in the same quarter of 2024, which was 3.80%, and higher than the 3.91% recorded in the third quarter of 2025,” NBS said.
Key drivers included agriculture (crop production), telecommunications, real estate, trade, financial services, construction, road transport and food manufacturing.
