Nigeria’s Gross Domestic Product (GDP) grew by 3.13 per cent year-on-year in real terms in the first quarter of 2025.

This is according to the latest report by the National Bureau of Statistics on Monday.

According to the Bureau, this represented an improvement over the 2.27 per cent growth recorded in the corresponding period of 2024.

The NBS, in its Q1 2025 GDP report, said the economic performance in the quarter was driven mainly by the services and industry sectors.

The report read, “Gross Domestic Product (GDP) grew by 3.13 per cent (year-on-year) in real terms in the first quarter of 2025. This growth rate is higher than the 2.27 per cent recorded in the first quarter of 2024.”

Meanwhile, the country’s GDP as of 2019 has been rebased to 205 trillion naira.

This was according the Statistician General of the Federation, Adeyemi Adeniran.

The figure, according to him, showed an increase of 41.7 percent compared to the figures obtained during the 2014 GDP rebasing exercise.

Adeniran said top five performing sectors include crop production, trade, real estate, telecommunications and the oil and gas.