Nigeria’s economy grew by 3.98% year-on-year in the third quarter of 2025 as country’s total public debt increased to ₦152.39 trillion (about $99.65 billion) in the second quarter of 2025. This is according to the latest figures published on Monday by the National Bureau of Statistics, NBS.
The Q3 2025 performance shows a slight improvement compared to the 3.86% growth recorded in the same quarter of 2024, indicating sustained economic momentum across key sectors.
The statistics show that the agriculture sector expanded by 3.79%, a notable rise from 2.55% in Q3 2024. The industry sector also strengthened, growing by 3.77% year-on-year, up from 2.78% in the corresponding period last year.
Meanwhile, expansion in the services sector slowed to 4.15% from 4.97% a year earlier. Despite the moderation, services remained the largest contributor to total output, accounting for 53.02% of GDP, marginally higher than its 52.93% share in Q3 2024.
In addition, data from the Bureau showed that Nigeria’s total public debt increased to ₦152.39 trillion (about $99.65 billion) in the second quarter of 2025, up from ₦149.38 trillion ($97.23 billion) in Q1 2025, representing a 2.01% quarter-on-quarter rise.
(Editor: Terverr Tyav)
