The Nationwide Bureau of Statistics on Monday introduced that Nigeria’s Gross Home Product grew by 4.23 per cent in actual phrases within the second quarter of 2025.
The bureau defined that the expansion follows the rebasing of GDP utilizing 2019 as the brand new base yr for earlier quarterly estimates.
In keeping with the NBS, GDP estimates have been benchmarked to the rebased annual figures to align the previous collection with the brand new rebased estimates, offering a brand new quarterly GDP collection in comparison with the second quarter 2025 outcomes.
“The Gross Home Product grew by 4.23 per cent (year-on-year) in actual phrases within the second quarter of 2025,” the NBS stated in a report made obtainable to THE POINT.
The expansion charge is increased than the three.48 per cent recorded in the identical interval of 2024.
In the course of the quarter below evaluation, agriculture expanded by 2.82 per cent, in comparison with 2.60 per cent within the second quarter of 2024.
The business sector recorded a development of seven.45 per cent, up from 3.72 per cent within the corresponding quarter, whereas the providers sector grew by 3.94 per cent, barely above the three.83 per cent recorded in Q2 2024.
When it comes to contribution to GDP, the business sector accounted for 17.31 per cent in Q2 2025, in comparison with 16.79 per cent within the corresponding quarter of 2024.
Mixture GDP at primary costs stood at N100.73 trillion in nominal phrases for the quarter below evaluation.
This compares favourably with N84.48 trillion recorded in Q2 2024, representing a nominal year-on-year development of 19.23 per cent.