What 4.07% GDP Growth In Q4 2025 Means For Nigerian Economy

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has welcomed new data from the National Bureau of Statistics (NBS) showing that Nigeria’s real GDP grew by 4.07% in the fourth quarter of 2025 (Q4 2025).

This marks the second time in a decade—excluding the immediate post-pandemic rebound—that quarterly growth has exceeded 4%. The result follows the 4.23% growth recorded in Q2 2025 and represents a clear improvement from 3.76% in Q3 2024, reflecting strengthening macroeconomic stability and the impact of ongoing reforms under the leadership of President Bola Ahmed Tinubu.

Sectoral Performance

Growth in Q4 2025 was broad-based across the three major sectors:

Agriculture expanded by 4.0%, up from 2.54% in Q4 2024, supported by improved security in food-producing areas and better access to inputs.

Industry grew by 3.88%, compared to 2.49% in the corresponding period of 2024, driven by improved foreign exchange liquidity, energy sector reforms, and stronger investor confidence.

Services recorded 4.15% growth, reflecting continued expansion in finance, telecommunications, trade, and technology-driven activities.

Approximately 30 subsectors recorded growth above 3%, underscoring the breadth and increasing diversification of the expansion.

Full-Year 2025 Performance

For the full year, Nigeria’s real GDP grew by 3.87%, up from 3.38% in 2024. The size of the economy increased to ₦441.5 trillion, compared to ₦372.8 trillion in 2024.

This performance reflects improved fiscal coordination, disciplined expenditure management, stronger revenue mobilisation, and continued structural reforms aimed at restoring macroeconomic credibility.

The Honourable Minister noted that the data reinforces confidence among domestic and international investors and signals that Nigeria’s reform programme is gaining traction. The Ministry of Finance remains committed to sustained reform implementation, institutional coordination, and transparent engagement with stakeholders.

Credit: Uloma Amadi
Assistant Director, Information and Public Relations, Federal Ministry of Finance.