By Ajibola Olaide, JKNewsMedia Reporter
ECONOMIC GROWTH reached 3.98 percent year-on-year in real terms in the third quarter of 2025, the National Bureau of Statistics (NBS) reported on Monday, edging up from 3.86 percent in the same period last year.
According to the NBS, the nation’s aggregate gross domestic product (GDP) at basic prices stood at N113.58 trillion in nominal terms during Q3 2025, up from N96.16 trillion in Q3 2024, representing a year-on-year nominal growth of 18.12 percent.
On sectoral performance, the report highlighted gains across key sectors:
▪️Agriculture: Grew by 3.79 percent in Q3 2025, improving from 2.55 percent in Q3 2024.
▪️Industry: Expanded by 3.77 percent, up from 2.78 percent in the corresponding quarter last year.
▪️Services: Recorded growth of 4.15 percent, slightly lower than 4.97 percent in Q3 2024.
Despite the slower growth in services, the sector remained the largest contributor to Nigeria’s GDP, accounting for 53.02 percent of the total, up marginally from 52.93 percent in the same period in 2024.
The NBS also emphasised that the overall performance reflects a moderate recovery in the economy, with all major sectors showing improvement relative to last year’s figures.
