Services Sector Keeps Lead as Nigeria’s GDP Grows 4.07% in Q4 2025

Nigeria’s economy expanded by 4.07 per cent year-on-year in real terms in the fourth quarter of 2025, according to the latest Gross Domestic Product report released by the National Bureau of Statistics, with services remaining the biggest contributor to output.

The Q4 figure is higher than the 3.76 per cent recorded in the same period of 2024 and slightly above the 3.98 per cent posted in the third quarter of 2025. The NBS said growth was supported by all three broad sectors of the economy: agriculture, industry and services.

Agriculture grew by 4.00 per cent in Q4 2025, up from 2.54 per cent in Q4 2024. Industry rose by 3.88 per cent, compared with 2.49 per cent in the corresponding quarter a year earlier. Services expanded by 4.15 per cent, lower than 4.75 per cent in Q4 2024, but still large enough to keep the sector in the lead by size.

On structure, services accounted for 55.92 per cent of aggregate GDP in the quarter, marginally above 55.87 per cent in Q4 2024. The data points to continued dependence on service-led activity in Nigeria’s growth profile.

For the full year, the economy grew by 3.87 per cent in 2025, better than the 3.38 per cent reported for 2024. That annual outcome was above the 3.4 per cent growth projection made by the International Monetary Fund in its July 2025 World Economic Outlook.

Nominal output also climbed strongly. The NBS report put nominal GDP at N122.81tn in Q4 2025, compared with N104.48tn in Q4 2024, representing 17.55 per cent year-on-year growth in nominal terms.

The bureau listed crop production, trade, real estate, and telecommunications and information services among the largest contributors to real GDP in the quarter. Crop production accounted for 20.44 per cent, followed by trade at 16.84 per cent, real estate at 14.57 per cent, and telecommunications and information services at 8.12 per cent.

In the oil economy, average daily crude production stood at 1.58 million barrels per day in Q4 2025. That was above the 1.54 million barrels per day recorded in Q4 2024, though below the 1.64 million barrels per day seen in the preceding quarter.

The report and supporting market commentary indicate that while some sectors such as manufacturing, real estate, education, health, and administrative support slowed, areas like trade, public administration, transport and storage, and professional services helped maintain headline momentum.

Analysts Data Services and Report said transport and storage, along with financial and insurance services, have become stronger growth drivers in recent quarters. Overall, the quarter’s numbers show broad sectoral expansion, rising nominal output, and a continued tilt toward services in the economy’s performance pattern.