Nigeria’s real Gross Domestic Product (GDP) grew by 4.07 per cent in the fourth quarter (Q4) of 2025, marking one of the strongest quarterly performances in a decade, the Federal Ministry of Finance has said.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, welcomed the latest data released by the National Bureau of Statistics (NBS), describing the growth as a sign of strengthening macroeconomic stability and the impact of ongoing economic reforms.
According to the NBS figures, the 4.07 per cent growth recorded in Q4 2025 represents the second time in ten years—excluding the immediate post-COVID-19 rebound—that quarterly expansion has surpassed 4 per cent. It follows a 4.23 per cent growth in Q2 2025 and shows an improvement from the 3.76 per cent recorded in Q3 2024.
The ministry attributed the performance to reforms being implemented under the administration of President Bola Ahmed Tinubu.
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Broad-based sectoral growth
The growth in Q4 2025 was driven by expansion across agriculture, industry and services.
Agriculture grew by 4.0 per cent, up from 2.54 per cent in Q4 2024. The improvement was linked to enhanced security in key food-producing regions and improved access to agricultural inputs.
The industrial sector expanded by 3.88 per cent, compared to 2.49 per cent in the corresponding period of 2024. The ministry cited improved foreign exchange liquidity, ongoing energy sector reforms and rising investor confidence as key drivers.
The services sector recorded 4.15 per cent growth, supported by continued expansion in finance, telecommunications, trade and technology-driven activities.
Overall, about 30 subsectors posted growth rates above 3 per cent, underscoring what the ministry described as the increasing breadth and diversification of economic activity.
Full-year outlook strengthens
For the full year 2025, Nigeria’s real GDP grew by 3.87 per cent, an increase from the 3.38 per cent recorded in 2024. The size of the economy rose to ₦441.5 trillion, up from ₦372.8 trillion the previous year.
The ministry said the annual performance reflects improved fiscal coordination, disciplined public expenditure management, stronger revenue mobilisation and continued structural reforms aimed at restoring macroeconomic credibility.
Edun noted that the data reinforces confidence among both domestic and international investors, signalling that Nigeria’s reform programme is gaining traction.
The Federal Ministry of Finance reaffirmed its commitment to sustaining reforms, enhancing institutional coordination and maintaining transparent engagement with stakeholders to consolidate the gains recorded.
