By Ngbede Silas
Nigeria’s economy saw real GDP growth of 3.98% in the third quarter of 2025, according to data from the National Bureau of Statistics (NBS). This represents a slight increase from the 3.86% recorded in the third quarter of 2024, reflecting continued stability despite inflation, currency challenges, and global economic concerns.
Agriculture grew by 3.79%, an improvement over the 2.55% growth observed last year. The industrial sector expanded by 3.77%, showing a recovery in manufacturing and extractive activities. The services sector, which remains the backbone of the Nigerian economy, grew by 4.15% and accounted for more than half of total output.
In nominal terms, the country’s GDP for the third quarter of 2025 reached 113.58 trillion (N25), highlighting the significant contribution of non-oil, trade, and service activities.
The 3.98% growth rate reflects economic resilience at a time when many global economies are experiencing stagnation. It also reinforces Nigeria’s diversification efforts, as non-oil sectors remain key drivers of growth. However, high inflation, low purchasing power, and structural constraints continue to pose challenges to translating growth into tangible benefits for citizens.
The results follow a robust second quarter in which the economy grew by more than 4%, one of the country’s fastest quarterly expansions in years. Analysts say that sustained growth above this threshold could help stabilize unemployment and support broader reforms, but caution that sustained progress depends on political stability, improved security, and targeted investment.
With improved agriculture, a stronger industrial sector, and a dominant services sector, Nigeria could be on track to end the year with one of its best economic performances in recent times, provided inflationary pressures and insecurity remain under control.
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