Nigeria’s economy accelerated to 4.23% year-on-year growth in Q2 2025, beating the 3.13% recorded in Q1 and 3.48% in Q2 2024, according to National Bureau of Statistics (NBS) data.
The rebound was powered by surging performance in coal mining, quarrying, and rail transport, signaling renewed investment and infrastructure gains across key industries.
Coal mining led the pack, soaring 57.53% after four quarters of contraction, driven by revived power-sector demand, mine rehabilitation, and energy diversification investments. Rising global prices and domestic energy shortages pushed manufacturers to increase local coal usage, especially for industrial boilers and backup generation.
The non-oil economy expanded by 3.64% in Q2 2025, improving by 0.45 percentage points from 3.19% in Q1, highlighting strengthening domestic demand and broader economic recovery outside the petroleum sector.
The Q2 2025 GDP results underscore a broad-based economic rebound driven by extractive industries, energy, and transport services. Also, spillovers from Q1 reforms—like tariff adjustments, infrastructure spending, and security improvements—continued to strengthen growth.
Below are the fastest growing sectors of the economy as of second quarter of 2025.
The 10 fastest growing sectors of Q2 2025
Water Transport rebounded sharply after subdued growth in previous quarters. Increased cargo volumes through Apapa and Onne ports, improved navigability of inland waterways, and private-sector investments in barges and ferries drove performance. Easing foreign-exchange constraints also boosted maritime trade activity.
