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flag Nigeria’s economy grew 4.23% in Q2 2025, driven by oil, industry, and agriculture, reaching N100.73 trillion in nominal GDP.

flag Nigeria’s economy expanded by 4.23% year-on-year in the second quarter of 2025, the fastest growth in nearly four years, according to the National Bureau of Statistics. flag The increase, up from 3.48% in the same quarter of 2024, was driven by stronger oil production, a rebound in the industry sector, and improved performance in agriculture and services. flag The oil sector grew by 20.46%, contributing significantly to GDP, while non-oil sectors remained the primary source of economic activity. flag Nominal GDP reached N100.73 trillion, reflecting a 19.23% rise from the previous year. flag The growth follows a recent rebasing of Nigeria’s GDP and aligns with President Bola Tinubu’s goal of 7% annual growth by 2027, though challenges like inflation and infrastructure gaps persist.

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