Nigeria’s economy grew by 3.98 percent in the third quarter of 2025, buoyed largely by expansion in the non-oil sectors, the National Bureau of Statistics (NBS) reported on Wednesday. According to the NBS, services, agriculture, and trade contributed the most to the quarterly growth, offsetting slower performance in oil production.
The non-oil sector grew by 4.6 percent, driven by increased output in telecommunications, financial services, and wholesale and retail trade. “The resilience of Nigeria’s non-oil economy continues to support overall GDP growth, even as global oil prices fluctuate,” the NBS noted in its release.
Analysts welcomed the report, highlighting that sustained non-oil sector growth could help diversify the economy and reduce dependency on crude exports. According to Bloomberg, the performance exceeded market expectations, signaling stronger domestic demand and improved business activity.
