Nigeria’s economy grew by 4.07% in the fourth quarter of 2025, according to data released by the National Bureau of Statistics (NBS). This marks only the second time in a decade, outside of the immediate post-pandemic period, that quarterly growth has exceeded 4%.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said this performance follows a 4.23% growth rate recorded in the second quarter of 2025 and shows acceleration from the 3.76% posted in the third quarter of 2024. He stated that these results highlight “strengthening macroeconomic stability and the tangible impact of the Federal Government’s economic reform programme under the leadership of President Bola Ahmed Tinubu.”
Growth was reported across all major sectors:
– Agriculture expanded by 4.0%, up from 2.54% in Q4 2024. The Ministry attributes this to improved security in food-producing regions, better access to inputs, and targeted productivity interventions.
– Industry grew by 3.88%, compared to 2.49% during the same period last year, supported by increased foreign exchange liquidity, energy sector reforms, and renewed investor confidence.
– Services rose by 4.15%, with continued expansion seen in finance, telecommunications, trade, and technology-related areas.
About thirty subsectors achieved growth rates above 3%, which officials say demonstrates broader-based economic expansion rather than isolated sectoral gains.
Full-year figures for 2025 show real GDP rising by 3.87%, an improvement over the previous year’s figure of 3.38%. The total size of Nigeria’s economy reached ₦441.5 trillion at year-end, up from ₦372.8 trillion in 2024.
Officials credit these results to strengthening fundamentals such as fiscal coordination and disciplined expenditure management alongside ongoing reforms aimed at restoring macroeconomic credibility.
Wale Edun commented that “this latest data sends a strong signal to foreign investors, multilateral institutions, and global economic stakeholders that Nigeria’s reform trajectory is gaining traction and is being consolidated.” He added that with improvements in macroeconomic coordination, revenue mobilisation efforts, transparency in public finance management, and structural reforms underway, Nigeria aims to become a stable destination for long-term investment.
The Ministry reaffirmed its commitment to continuing disciplined implementation of reforms and maintaining transparent engagement with both domestic and international stakeholders.