In Q1 2025, Nigeria’s economy grew by 3.13% — NBS

National Bureau of Statistics building

In Q1 2025, Nigeria’s economy grew by 3.13% — NBS

Nigeria’s Gross Domestic Product grew by 3.13 per cent year-on-year in real terms in the first quarter of 2025.

This is according to the latest report by the National Bureau of Statistics on Monday.

According to the bureau, this represents an improvement over the 2.27 per cent growth recorded in the corresponding period of 2024.

The NBS, in its Q1 2025 GDP report, said the economic performance in the quarter was driven mainly by the services and industry sectors.

The report read, “Gross Domestic Product (GDP) grew by 3.13 per cent (year-on-year) in real terms in the first quarter of 2025. This growth rate is higher than the 2.27 per cent recorded in the first quarter of 2024.”