Nigeria’s Gross Domestic Product grew by 3.13 per cent year-on-year in real terms in the first quarter of 2025.

According to the latest report by the National Bureau of Statistics (NBS) on Monday, this figure represents an improvement over the 2.27 per cent growth recorded in the corresponding period of 2024.

The NBS in its Q1 2025 GDP report that the economic performance in the quarter was driven mainly by the services and industry sectors.

“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,” the report said.

GIK/APA