Nigeria Q4 2025 GDP growth hits 4.07%, led by services, with agriculture and industry also contributing to improved full-year 3.87% expansion

Nigeria’s economy grew by 4.07 per cent year-on-year in real terms in the fourth quarter of 2025, improving on the 3.76 per cent recorded in Q4 2024, according to the latest Gross Domestic Product report released on Friday by the National Bureau of Statistics.

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The report indicated that growth was driven by expansion across the three major sectors – agriculture, industry, and services – with services remaining the largest contributor to overall output.

Agriculture grew by 4.00 per cent, up from 2.54 per cent a year earlier, while industry expanded by 3.88 per cent, compared with 2.49 per cent in Q4 2024.

The services sector increased by 4.15 per cent, slightly lower than its 4.75 per cent growth in the corresponding quarter of 2024.

Sectoral contributions showed that services accounted for 55.92 per cent of aggregate GDP, marginally higher than their 55.87 per cent share in the previous year, underscoring the economy’s continued reliance on services.

On a full-year basis, Nigeria recorded 3.87 per cent growth in 2025, up from 3.38 per cent in 2024, surpassing the International Monetary Fund’s projection of 3.4 per cent growth made in July 2025.

Nominal GDP rose to N122.81 trillion in Q4 2025, from N104.48 trillion a year earlier, representing 17.55 per cent year-on-year nominal growth.

Leading contributors to real GDP included crop production (20.44 per cent), trade (16.84 per cent), real estate (14.57 per cent) and telecommunications and information services (8.12 per cent).

Within the oil sector, average daily crude production increased slightly to 1.58 million barrels per day from 1.54 million in Q4 2024, although it remained below the 1.64 million barrels per day recorded in the preceding quarter.

Analysts at Analysts Data Services and Report highlighted that sectors with the highest contribution to GDP in 2025 included agriculture (27.55 per cent), trade (17.37 per cent), real estate (13.57 per cent), ICT (10.07 per cent), and manufacturing (8.05 per cent).

The analysis noted mixed sectoral performance: manufacturing, real estate, administrative support, education, and health saw declines, while trade, public administration, and professional services experienced slower growth.

Quarter-on-quarter, GDP growth increased by 0.09 per cent from 3.98 per cent in Q3 2025 to 4.07 per cent in Q4 2025, largely driven by transport and storage, alongside financial and insurance sectors, which have recently emerged as significant drivers of growth.

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Overall, the report underscores Nigeria’s broad-based sectoral growth, rising nominal output, and continued structural reliance on the services sector as the engine of economic expansion.