Gross Domestic Product (GDP) grew by 4.23% (year-on-year) in real terms in the second quarter of 2025. This growth rate is higher than the 3.48% recorded in the second quarter of 2024, National Bureau of Statistics (NBS) stated on Monday.
NBS in the data shared on its website added that during the quarter under review, agriculture grew by 2.82%, an improvement from the 2.60% recorded in the corresponding quarter of 2024.
The growth of the industry sector stood at 7.45% from 3.72% recorded in the second quarter of 2024, while the Services sector recorded a growth of 3.94% from 3.83% in the same quarter of 2024.
In terms of share of the GDP, the Industry sector contributed more to the aggregate GDP in the second quarter of 2025 at 17.31% compared to the corresponding quarter of 2024 at 16.79%.
Reacting, Sunday Dare, the Special Adviser, Media and Public Communication to the President Bola Ahmed Tinubu, has said the expansion of Nigeria’s GDP by 4.23 per cent in the second quarter of 2025 is an attestation that President Bola Tinubu’s reform programmes are working.
In a statement on his X account on Monday, Dare said, “This latest NBS figure has again validated the viability of the reforms across sectors under President Bola Tinubu.”
The presidential aide noted that framed the figures confirmed that the policy measures introduced by the Tinubu administration are beginning to yield results.
He said, “The National Bureau of Statistics in the last report on economic output released today (Monday) for the second quarter (Q2) 2025 says the Gross Domestic Product (GDP) grew by 4.23 per cent.
“This latest NBS figure has again validated the viability of the reforms across sectors under President Bola Tinubu.”
NBS data showed that much of the improvement came from a stronger industry performance and gains in agriculture and services during the quarter.
It also identified the last quarter’s GDP rebasing as another that shot the figure up.
