Trade and agriculture led Nigeria’s ₦51.20 trillion economy in Q2 2025, as oil’s share remained modest

Key Takeaways

  • Trade contributed 18.28%, making it the largest sector in Q2 2025's GDP.
  • Crop production followed with 17.8%, underscoring agriculture’s central role.
  • Oil and gas added just 4.05%, highlighting its shrinking share compared to non-oil sectors.
  • Real estate and telecoms reinforced the growing strength of services in the Nigerian economy.

Nigeria’s economy expanded to ₦51.20 trillion in Q2 2025, with trade and agriculture leading as the top contributors. Trade added ₦9.36 trillion (18.28%), while crop production contributed ₦9.11 trillion (17.8%), together accounting for over one-third of national output. Real estate (₦6.55 trillion, 12.8%) and telecommunications (₦4.71 trillion, 9.2%) showcased the rising dominance of services, driven by urban growth and digital adoption.

In sharp contrast, crude petroleum and natural gas contributed only ₦2.07 trillion (4.05%), underscoring oil’s diminishing role in GDP despite its importance for exports and revenue. Other sectors, such as livestock, construction, food processing, finance, and public administration, collectively added over ₦8 trillion, signalling a broader diversification of the economy.

Source:

National bureau of statistics

Period:

Q2 2025
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