Nigeria’s economy maintained measurable momentum in Q3 2025, although overall growth moderated slightly compared with the strong expansion reported in Q2.
Fresh GDP data shows that several key sectors, notably extractive industries, transportation, and financial services, posted robust gains despite persistent inflationary pressures, currency volatility, and other macroeconomic headwinds.
The fastest-growing industries were largely propelled by rising domestic demand, targeted investment in infrastructure and operational efficiencies, and supportive policy interventions across sectors.
While some sectors experienced temporary slowdowns, others (particularly mining, coal, and rail transport) recorded double-digit growth, underscoring pockets of resilience in the economy.
Below, we profile the ten fastest-growing sectors in Nigeria as of Q3 2025, highlighting the drivers and trends shaping their performance.
Q1 2025: 11.51% | Q2 2025: 15.78%
Oil refining delivered 19.42% growth in Q3 2025, extending a consistent recovery streak that began in Q4 2024. In 2025, the sector has grown quarter after quarter: 11.51% in Q1, 15.78% in Q2, and now nearly 20% in Q3.
The upward trend reflects increasing domestic refining activity, reduced downtime at facilities, and improved throughput as the transition to local sourcing continues. For 2025, oil refining is on track for its strongest annual rebound in years.
