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: 7.08% | Q2 2025: 15.70%
Insurance recorded 20.78% growth in Q3, its strongest quarterly performance in over a year. The sector has shown steady acceleration across all three quarters of 2025, rising from 7.08% in Q1 to 15.70% in Q2, and now crossing into 20% territory in Q3.
This growth is supported by improved underwriting, deeper penetration in retail and digital channels, and rising corporate insurance uptake. The sustained momentum positions 2025 as a landmark year for insurance sector expansion.
