Strong rebound in key sectors
Nigeria’s Gross Domestic Product rose to ₦94.05 trillion in Q1 2025, an 18.30% year‑on‑year growth from Q1 2024, according to the National Bureau of Statistics.
However, quarter‑on‑quarter GDP dipped by 9.97% from Q4 2024, reflecting seasonal moderation and tighter monetary conditions.
Real estate leads the pack
With ₦16.42 trillion in nominal output, real estate emerged as the largest contributor to GDP in Q1 2025, accounting for 17.46% of the total.
Investments in housing, rentals, and urban infrastructure across Lagos, Abuja, and other cities fuelled this remarkable 80.09% increase from the previous quarter.
Other top performers
Trade remained the second‑largest sector at ₦14.59 trillion (15.52% of GDP) despite a slowdown, while crop production contributed ₦11.78 trillion (12.53%) amid seasonal and insecurity challenges.
Telecommunications and information services held firm at ₦7.24 trillion, while construction grew to ₦5.06 trillion, driven by infrastructure projects.
Manufacturing, finance, and others
Food, beverage and tobacco output stood at ₦3.53 trillion, crude petroleum and natural gas at ₦3.67 trillion, and livestock at ₦3.32 trillion despite festive‑season declines.
Financial institutions contributed ₦2.62 trillion, while textiles, apparel and footwear added ₦2.45 trillion, showing continued demand for local fashion.
Sector insights
The top ten sectors combined accounted for 75.17% of Nigeria’s nominal GDP, underscoring the economy’s reliance on real estate, trade, agriculture, and digital services.
Analysts say sustained policy support, infrastructure investment, and improved security remain key to turning these nominal gains into lasting growth.
