Nigeria’s GDP rate grew by 3.98% in third quarter – NBS

Nigeria’s Gross Domestic Product, GDP, expanded by 3.98 percent year-on-year in real terms in the third quarter of 2025.

The latest figure is slightly higher than the 3.86 percent recorded in the same period of 2024.

This is according to new data released by the National Bureau of Statistics, NBS, on Monday.

The NBS report shows that the agriculture sector expanded by 3.79 percent, up from 2.55 percent in Q3 2024.

The industry sector recorded a growth rate of 3.77 percent, compared to 2.78 percent in the previous year’s third quarter.

However, growth in the services sector slowed to 4.15 percent from 4.97 percent recorded in Q3 2024. Despite the moderation, services remained the dominant contributor to the economy, accounting for 53.02 percent of total GDP in the quarter, slightly above the 52.93 percent recorded in the corresponding period of 2024.