Nigerian Economy Grows 4.23% in Q2 2025, Outpaces Major Global Economies
Nigerian Economy Grows 4.23% in Q2 2025, Outpaces Major Global Economies
Nigerian Economy Grows 4.23% in Q2 2025, Outpaces Major Global Economies
The National Bureau of Statistics (NBS) has reported that Nigeria’s economy grew by 4.23% year-on-year in real terms in the second quarter of 2025, marking the fastest growth in four years.
The growth was driven by a 20.46% surge in the oil sector, with production hitting 1.68 million barrels per day, alongside a 3.64% expansion in the non-oil sector, which now accounts for nearly 96% of the economy.
In comparison, major economies recorded lower growth during the same period: USA (2.1%), UK (-0.4%), France, Italy, Australia, Russia, and others all lagged behind Nigeria.
Economists have hailed this as a significant milestone for the Nigerian economy, highlighting the country’s resilience and potential as a major growth driver in Africa.
What's Your Reaction?
