Nigeria’s economy grew by 3.98% in Q3 2025
Nigeria’s apex statistical agency, the National Bureau of Statistics (NBS) has said that Nigeria’s economy grew by 3.98% year-on-year in the third quarter(Q3) of 2025.
The development is contained in the Q3 2025 GDP report released on Monday, December 1, 2025 by NBS.
The NBS further stated that Nigeria’s economy grew from 3.86 per cent recorded in the same period of 2024.
It states: “Gross Domestic Product grew by 3.98% (year-on-year) in real terms in Q3 2025. This growth rate is higher than the 3.86% recorded in Q3 2024.
“Agriculture grew by 3.79% in Q3 2025, an improvement from 2.55% recorded Q3 2024.
“During the quarter under review, agriculture grew by 3.79%, an improvement from the 2.55% recorded in the corresponding quarter of 2024.
“The growth of the Industry sector stood at 3.77% from 2.78% recorded in the third quarter of 2024, while the Services sector recorded a growth of 4.15% from 4.97% in the same quarter of 2024.
“In terms of share of the GDP, the services sector contributed more to the aggregate GDP in the third quarter of 2025 at 53.02% compared to the corresponding quarter of 2024 at 52.93%”
The NBS added that Nigeria‘s public debt stock (domestic and external) stood at N152.39 trillion ($99.65bn) in Q2 2025 from N149.38 trillion ($97.23bn) in Q1 2025, indicating a growth rate of 2.01% on a quarter-on-quarter basis.
