Nigeria Records Fastest Growth in Four Years as Oil Sector Sparks Economic Recovery in Q2 2025
Story: written by Daniel September 23,2025
Nigeria’s economy achieved its strongest performance in four years during the second quarter of 2025, driven largely by a sharp rebound in oil production and sustained growth across key non-oil sectors.
According to the National Bureau of Statistics (NBS), real GDP rose by 4.23% in Q2 2025, higher than the 3.48% growth recorded in the same period last year. The oil sector emerged as the biggest catalyst, expanding by 20.46% year-on-year. Daily crude output averaged 1.68 million barrels per day, up from 1.41 million barrels in Q2 2024 and 1.62 million barrels in Q1 2025. Oil’s share of GDP also increased to 4.05% compared to 3.51% a year earlier.
Beyond oil, non-oil activities proved resilient with a 3.64% rise. Agriculture grew by 2.82%, while industry surged by 7.45%. Other areas such as telecommunications, trade, real estate, utilities, and energy-related services also made significant contributions to the positive outlook.
The improved performance follows the recent rebasing of Nigeria’s GDP, which updated the base year from 2010 to 2019 to better capture economic realities and structural changes.
Despite this progress, concerns remain over inflation, unemployment, and widening inequality, which continue to limit the impact of growth on everyday living standards.
