Nigeria’s economy grew by 4.23 percent year-on-year in the second quarter (Q2) of 2025 — higher than the 3.13 percent in the first quarter (Q1) and the 3.48 percent recorded in Q2 2024.
The National Bureau of Statistics (NBS) announced the growth in its Q2 2025 gross domestic product (GDP) report on Monday.
The real GDP growth was driven largely by strong performances in trade, crop production, real estate, telecommunications and information services, as well as livestock.
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Real GDP is the value of a country’s total output of goods and services adjusted for inflation or deflation.
Nigeria’s real GDP in Q2 2025 stood at N51.20 trillion.
According to the NBS, below are the top 10 contributing activities to the real GDP in Q2 2025.
Trade
Trade topped the table and was the largest contributor to GDP, accounting for 18.28 percent of total output in Q2 2025, compared to the 18.21 percent in the previous quarter of 2025.
The trade sector contributed N9.36 trillion in terms of real GDP.
Crop production
Crop production accounted for 17.80 percent of GDP in Q2 2025, an improvement from the 17.47 percent it recorded in Q1 2025.
The sector remained the backbone of agriculture and the second-largest contributor overall, with N9.11 trillion to real GDP.
Real estate
Real estate contributed 12.80 percent to GDP in Q2 2025, down from 13.30 percent in the previous quarter.
The sector keeps expanding as growth in property and housing-related activities continues to reinforce the sector’s rising importance in Nigeria’s non-oil economy.
The sector contributed N6.55 trillion to the economy.
Telecommunications & information services
The telecommunications and information services sector contributed N4.71 trillion to the real GDP of the economy.
The sector contributed 9.20 percent to the GDP in Q2 2025, compared with 8.50 percent in Q1 2025.
Livestock
Livestock is the fifth highest contributor with N3.02 trillion.
The sector, which is under agriculture, contributed 5.90 percent to GDP in Q2 2025, higher than the 3.13 percent recorded in Q1 2025.
Crude petroleum and natural gas
Despite being the mainstay of government revenue, crude petroleum and natural gas contributed N2.07 trillion to the real GDP.
It contributed a 4.05 percent contribution to GDP during the period under review, slightly above the 3.97 percent recorded in the first quarter of this year.
Construction
The construction sector added N1.84 trillion to the economy in Q2 2025.
This represents a 3.60 percent contribution, which is lower than the 4.74 percent recorded in Q1 2025.
Food, beverage and tobacco
The food, beverage and tobacco sector contributed N1.75 trillion to the total real GDP.
According to the NBS, the sector notched a 2.87 percent contribution to the GDP between April and June 2025, slightly below the 3.48 percent recorded in the preceding quarter.
Financial institutions
Also, financial institutions accounted for N1.45 trillion or 2.84 percent of GDP in Q2 2025.
The bureau said this is lower compared to the 3.27 percent in the first quarter of 2025.
Public administration
In the NBS report, the public administration contributed 2.73 percent to the economy in the second quarter of 2025, slightly above the 2.14 percent recorded in the previous quarter.
At the end of the period under review, the public administration’s contribution was valued at N1.39 trillion.
