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Nigeria Records Fastest Economic Growth in Four Years: NBS

Nigeria Records Fastest Economic Growth in Four Years: NBS

Sputnik Africa

Nigeria Records Fastest Economic Growth in Four Years: NBS Nigeria’s GDP grew 4.23% in Q2 2025, up from 3.13% in Q1, according to the National Bureau of... 22.09.2025, Sputnik Africa

2025-09-22T21:18+0200

2025-09-22T21:18+0200

2025-09-22T21:24+0200

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Nigeria Records Fastest Economic Growth in Four Years: NBS Nigeria’s GDP grew 4.23% in Q2 2025, up from 3.13% in Q1, according to the National Bureau of Statistics. For context, GDP growth was 3.04% in 2023 and 3.38% in 2024. Oil production rose to 1.68 million barrels per day (bpd), up from 1.62 million bpd in Q1 and 1.41 million bpd a year earlier. This fueled a 20.46% growth in the oil sector, while the non-oil economy expanded 3.64%. The non-oil sector contributed 95.95% to GDP in Q2 2025, slightly lower than 96.03% in Q1 and 96.49% in Q2 2024. President Bola Tinubu has set a national target of sustaining 7% annual growth through 2027.AI-generated imageSubscribe to @sputnik_africa Sputnik Africa | X

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