Nigeria’s economy expanded by 4.23 per cent year-on-year in the second quarter of 2025, surpassing the 3.13 per cent growth recorded in the first quarter and the 3.48 per cent seen in Q2 2024.

The National Bureau of Statistics disclosed the figures in its Q2 2025 Gross Domestic Product report on Monday.

The growth was primarily supported by robust performances in trade, crop production, real estate, telecommunications and information services, and livestock sectors.

The real GDP growth was mainly fueled by solid performances in trade, crop production, real estate, telecommunications and information services, and livestock.

Real GDP measures the total value of a country’s goods and services, adjusted for inflation or deflation, reflecting the true growth of the economy.

Nigeria’s real GDP reached N51.20 trillion in Q2 2025.

The NBS identified the top 10 sectors contributing to the country’s real GDP in the period.

Trade led all sectors, contributing 18.28 per cent to Nigeria’s GDP in Q2 2025, slightly up from 18.21% in Q1 2025.

The trade sector added N9.36 trillion to Nigeria’s real GDP.

Crop production contributed 17.80 per cent to GDP in Q2 2025, up from 17.47 per cent in the previous quarter.

Crop production remained the backbone of agriculture and the second-largest contributor to GDP, adding N9.11 trillion to real output.

Real estate accounted for 12.80 per cent of GDP in Q2 2025, slightly lower than 13.30 per cent in Q1 2025.

The sector continues to grow, with expanding property and housing activities strengthening its role in Nigeria’s non-oil economy.

The telecommunications and information services sector added N4.71 trillion to Nigeria’s real GDP.

Its contribution rose to 9.20 per cent of GDP in Q2 2025, up from 8.50 per cent in the previous quarter.

Livestock is the fifth highest contributor with N3.02 trillion.

Crude petroleum and natural gas, while a major source of government revenue, contributed N2.07 trillion to real GDP, accounting for 4.05 per cent of GDP in Q2 2025, up slightly from 3.97 per cent in Q1 2025.

The construction sector added N1.84 trillion to the economy, representing a 3.60 per cent share of GDP, down from 4.74 per cent in the previous quarter.

Financial institutions contributed N1.45 trillion, or 2.84 per cent of GDP, in Q2 2025, down from 3.27% in Q1 2025.

Public administration added N1.39 trillion to the economy, accounting for 2.73 per cent of GDP in Q2 2025, slightly up from 2.14 per cent in the previous quarter.