By Hamilton Nwosu
Nigeria’s economy has demonstrated resilience in the first quarter of 2025, achieving a year-on-year GDP growth of 3.13%, according to the latest report from the National Bureau of Statistics (NBS).
This marks a significant improvement from the 2.27% growth recorded in Q1 2024.
The NBS attributed this growth to the services sector, which expanded by 4.33% and contributed 57.5% to the overall GDP.
Key sectors such as telecommunications, financial services, and emerging industries like e-commerce, arts, culture, and tourism also played roles in driving this performance, the NBS revealed.
The report reads in part: “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.”
