By Atoyebi Nike
Nigeria’s economy strengthened in the second quarter of 2025, recording a year-on-year GDP growth of 4.23 per cent, according to the National Bureau of Statistics (NBS). The figure marks a notable increase from 3.48 per cent in Q2 2024 and 3.13 per cent in Q1 2025.
The NBS report released on Monday showed that 10 key activities powered real GDP in the quarter, with trade, agriculture, and real estate dominating contributions.
Trade topped the list, accounting for 18.28 per cent of GDP, followed by crop production at 17.80 per cent and real estate at 12.80 per cent. Telecommunications and information services added 11.18 per cent, while livestock contributed 5.90 per cent.
On the oil front, crude petroleum and natural gas made up 4.05 per cent of GDP, reflecting a modest rebound. Construction contributed 3.60 per cent, food, beverage and tobacco manufacturing 2.87 per cent, financial institutions 2.84 per cent, and public administration 2.73 per cent.
The report underscored the continued dominance of non-oil activities in driving Nigeria’s output, with agriculture alone contributing 26.17 per cent to real GDP.
