Nigeria’s economy recorded a 4.07 per cent year-on-year growth in real terms in the fourth quarter of 2025, reflecting stronger performance compared to the same period in 2024, the National Bureau of Statistics (NBS) has said.
In its latest Gross Domestic Product (GDP) report released on Friday, the bureau stated that the growth rate represents an improvement over the 3.76 per cent recorded in the fourth quarter of 2024.
“The Nigerian economy grew by 4.07 per cent (year-on-year) in real terms in the fourth quarter of 2025. This indicates a higher growth rate compared to the 3.76 per cent recorded in the corresponding quarter of 2024,” the NBS said.
A breakdown of the performance showed that the agriculture sector grew by 4.00 per cent in Q4 2025, up from 2.54 per cent in Q4 2024. The industry sector also expanded by 3.88 per cent, compared with 2.49 per cent in the same period of 2024.
The services sector recorded a growth rate of 4.15 per cent, slightly lower than the 4.75 per cent posted in the fourth quarter of 2024. However, it remained the largest contributor to the nation’s output, accounting for 55.92 per cent of total GDP, marginally higher than the 55.87 per cent recorded a year earlier.
On a full-year basis, the NBS reported that the economy grew by 3.87 per cent in 2025, compared to 3.38 per cent recorded in 2024.
Nigeria’s aggregate nominal GDP stood at N122.81 trillion in the fourth quarter of 2025, representing a 17.55 per cent increase from N104.47 trillion in the corresponding quarter of 2024.
The report further showed that average daily crude oil production stood at 1.58 million barrels per day (mbpd) in Q4 2025, higher than the 1.54 mbpd recorded in Q4 2024, but lower than the 1.64 mbpd produced in Q3 2025.
According to the bureau, “The oil sector recorded a real growth of 6.79 per cent (year-on-year) in Q4 2025, compared to 2.08 per cent recorded in the fourth quarter of 2024.”
Annual oil sector growth stood at 8.50 per cent in 2025, higher than 5.54 per cent recorded in 2024.
Oil contributed 2.87 per cent to total real GDP in Q4 2025, slightly higher than the 2.80 per cent recorded in Q4 2024, but lower than the 3.44 per cent posted in Q3 2025. Overall, the oil sector contributed 3.53 per cent to GDP in 2025, compared to 3.38 per cent in 2024.
The non-oil sector remained dominant, accounting for 97.13 per cent of GDP in Q4 2025, compared to 97.20 per cent in Q4 2024 and 96.56 per cent in the third quarter of 2025.
The sector grew by 3.99 per cent in the fourth quarter of 2025, driven mainly by agriculture, telecommunications, real estate, trade, financial services, construction, transportation and manufacturing activities, the NBS added.
