The National Bureau of Statistics, NBS, has reported a 3.13 per cent year-on-year growth in Nigeria’s Gross Domestic Product, GDP, in real terms for the first quarter of 2025.
This latest figure marks a notable improvement from the 2.27 per cent growth recorded in the same period of 2024, indicating a positive trend in the country’s economic performance.
According to the NBS report released on Monday, the growth was primarily driven by gains in the services and industry sectors.
The report stated, “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.”
