Monday July 21, 2025
By TheNewsDESK |
According to the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) grew by 3.13% year-on-year in the first quarter of 2025, an improvement from the 2.27% growth recorded in Q1 2024.
The growth comes despite economic challenges and follows the recent rebasing of national accounts, which has recalibrated Nigeria’s economic outlook and raised its nominal GDP to ₦94.05 trillion in Q1 2025. The new figures provide a more accurate reflection of the country’s evolving economic structure and sectoral contributions.
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