By Redaction ARPS Media with Reuters and other Agencies
Nigeria’s economy grew by 3.13% in Q1 2025, according to the National Bureau of Statistics, following an update to the GDP figures, which now use 2019 as the base year, reflecting a size of 372.8 trillion naira ($243.7 billion).
This marks an improvement from the 2.27% growth in the same quarter last year. The Services sector led growth at 4.33%, while the Industry sector grew by 3.42% and Agriculture experienced minimal growth at 0.07%.
Although this growth fell short of the 4.9% forecast, officials believe the rebasing provides a clearer picture of the economy’s structure and trends.
Read more at: Nigeria’s economy expanded 3.13% y/y in first quarter | Reuters
