Nigeria’s GDP increased by 4.07 percent (year on year) in real terms in the fourth quarter of 2025.

The National Bureau of Statistics (NBS) disclosed the change in its most recent GDP report for Q4 2025 on Friday.

According to the organization, the growth rate exceeds the 3.76 percent reported in Q4 2024.

“During the quarter under review, agriculture grew by 4.00%, an improvement from the 2.54% recorded in the corresponding quarter of 2024,” NBS said.

“The growth of the industry sector stood at 3.88% from 2.49% recorded in the fourth quarter of 2024, while the services sector recorded a growth of 4.15% from 4.75% in the same quarter of 2024.”

According to the bureau, in terms of GDP share, the services sector contributed more to aggregate GDP in the fourth quarter of 2025 (55.92 percent) than in the same quarter of 2024.

“On an annual basis, the growth rate in 2025 stood at 3.87% from 3.38% in 2024,” NBS added.

The statistics firm also said that in the quarter under review, the aggregate GDP stood at N122.81 trillion in nominal terms.

According to the NBS, this result is better than the fourth quarter of 2024, when the aggregate GDP was N104.47 trillion, representing a nominal growth rate of 17.55 percent year on year.

The bureau said in the Q4 of 2025, the country recorded an average daily oil production of 1.58 million barrels per day (mbpd).

This, according to NBS, is 0.04 mbpd higher than the daily average production of 1.54 mbpd recorded in the same quarter of 2024, but lower than the production volume of 1.64 mbpd in the third quarter of 2025.

“The real growth of the oil sector was 6.79 (year-on-year) in Q4 2025, indicating an increase of 4.71%
points relative to the rate recorded in the corresponding quarter of 2024 (2.08%),” NBS said.

“Growth increased by 0.95% points when compared to Q3 2025, which was 5.84%. On a quarter-on-quarter basis, the oil sector recorded a growth rate of -6.30% in Q4 2025.

“The annual growth rate of oil stood at 8.50%, higher than the 5.54% recorded in 2024.”

The report also said the oil sector contributed 2.87 percent to the total real GDP in Q4 2025 – up from the figure recorded in the corresponding period of 2024 at 2.80 percent.

However, the current record shows it went down from the preceding quarter, where it contributed 3.44 percent.

“Overall, it contributed 3.53% in 2025, higher than its contribution of 3.38% in 2024,” the report added.

The bureau said the non-oil sector contribution grew by 3.99 percent in Q4 and contributed 97.17 percent to the economic growth.

“This rate was higher by 0.19% points compared to the rate recorded in the same quarter of 2024, which was 3.80%, and higher than the 3.91% recorded in the third quarter of 2025,” NBS said.

“In real terms, the non-oil sector contributed 97.13% to the nation’s GDP in the fourth quarter of 2025,
lower than the share recorded in the fourth quarter of 2024, which was 97.20%, and higher than the
third quarter of 2025, recorded as 96.56%.

“On aggregate, 96.47% was contributed in 2025, lower than the 96.62% reported in 2024.”

According to NBS, the non-oil sector was primarily driven in Q4 2025 by agriculture (crop production), information and communication (telecommunications), real estate, trade, financial and insurance (financial institutions), construction, transportation and storage (road transport), and manufacturing (food, beverage, and tobacco), accounting for positive GDP growth.