The National Bureau of Statistics (NBS) announced on Monday that Nigeria’s gross domestic product (GDP) grew by 3.98 percent (year-on-year) in real terms in the third quarter of 2025. This performance, slightly higher than the 3.86 percent recorded in the same period of 2024, was largely driven by the non-oil economy that contributed over 96 percent of the national output.
The data highlights a gradual structural shift away from over-reliance on crude oil, with agriculture and services emerging as the main engines of growth.
Agriculture remained the backbone of the economy, accounting for just over 31 percent of real GDP. Crop production led the charge, contributing 23.06 percent, with its growth rate rising to 3.79 percent from 2.55 percent in Q3 2024. Livestock added another 6.18 percent, underscoring the sector’s central role in sustaining national output and food security.