Nigeria’s economy expanded by 4.07 per cent in the fourth quarter of 2025, according to new data released by the National Bureau of Statistics (NBS), marking one of the strongest quarterly performances in a decade outside the immediate post-pandemic rebound.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, welcomed the figures, describing them as evidence of strengthening macroeconomic stability and the positive impact of ongoing reforms under the administration of Bola Ahmed Tinubu.
The 4.07 per cent growth in Q4 2025 follows a 4.23 per cent expansion recorded in the second quarter of the year and represents an improvement from 3.76 per cent posted in Q3 2024. It is only the second time in the past decade—excluding the post-COVID recovery period—that quarterly growth has surpassed the 4 per cent threshold.
Broad-Based Sectoral Expansion
According to the data, growth in the fourth quarter was driven by broad-based performance across the three major sectors of the economy.
The agricultural sector grew by 4.0 per cent, up from 2.54 per cent in Q4 2024, supported by improved security in food-producing regions and enhanced access to farming inputs.
The industrial sector expanded by 3.88 per cent, compared to 2.49 per cent in the corresponding period of 2024. The improvement was attributed to better foreign exchange liquidity, ongoing reforms in the energy sector, and rising investor confidence.
The services sector recorded 4.15 per cent growth, reflecting continued expansion in finance, telecommunications, trade, and technology-driven activities.
Notably, about 30 subsectors recorded growth rates above 3 per cent, highlighting increasing diversification and resilience within the economy.
Full-Year Performance Strengthens
For the full year 2025, Nigeria’s real Gross Domestic Product grew by 3.87 per cent, an increase from 3.38 per cent in 2024. The overall size of the economy rose to ₦441.5 trillion, compared to ₦372.8 trillion in the previous year.
The Finance Ministry attributed the improved performance to enhanced fiscal coordination, disciplined public expenditure management, stronger revenue mobilisation efforts, and sustained structural reforms aimed at restoring macroeconomic credibility.
Edun said the latest figures reinforce investor confidence, both domestic and international, and signal that the government’s reform programme is gaining momentum. He reiterated the ministry’s commitment to consistent policy implementation, institutional coordination, and transparent stakeholder engagement to sustain economic recovery and long-term growth.
