The Nigeria’s nominal GDP (that’s just the total value of stuff the country churned out, without fiddling with inflation or anything) hit N100.73 trillion for Q2 of 2025. That’s up from N94.05 trillion last quarter. Not too shabby, right? Real GDP, though, after adjusting for price changes, sat at N51.20 trillion.
Now, the National Statistics Office dropped their latest report on Monday, and, honestly, the news isn’t about oil for once. Non-oil sectors basically carried the team, making up a whopping 95.95% of GDP. Oil? Just 4.05%. Guess who’s not the main character anymore.
If you dig a bit deeper, services are really pulling their weight—over half the economy (56.53%) came from there. Agriculture followed with 26.17%, and industry brought in 17.31%. Put all that together, and Nigeria clocked a 4.23% growth rate for the quarter. Not bad at all for Africa’s biggest economy.
And by the way, this all comes after Nigeria did a GDP rebasing thing in July 2025—basically updating how they calculate everything to match up with present-day reality. The 2024 number was N372.8 trillion, so yeah, things are moving.
