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Nigeria’s Economy Expands 4.23% in Q2 2025, Says NBS

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Nigeria’s economy grew by 4.23% in the second quarter of 2025, driven by stronger performance in services, agriculture, and manufacturing, according to new data released by the National Bureau of Statistics (NBS) on Saturday.....KINDLY READ THE FULL STORY HERE▶

The growth marks one of the country’s strongest quarterly expansions since 2021, signaling a gradual recovery from years of slow growth, high inflation, and foreign exchange shortages.

Key Drivers of Growth

The NBS report showed that the non-oil sector continued to lead the economy, expanding by 5.7% in Q2. Key contributors were telecommunications, financial services, and trade. Agriculture also posted modest growth, supported by better harvests and improved rainfall across key farming regions.

Manufacturing grew by 3.1% after months of decline, a sign that recent policy measures to boost local production and reduce import dependence are starting to have some effect.

By contrast, the oil sector contracted by 2.4% as production remained below OPEC quotas due to pipeline vandalism, theft, and aging infrastructure. Oil has historically been Nigeria’s main revenue source, but its shrinking share highlights the country’s gradual shift toward non-oil growth.

Government Reaction

Finance Minister Wale Edun welcomed the report, calling it “a positive sign of resilience in the Nigerian economy.”

“This growth reflects the government’s ongoing reforms to stabilize the naira, curb inflation, and encourage private sector investment,” Edun said in a statement. “We are beginning to see the results of tough choices.”

The Central Bank of Nigeria (CBN) has tightened monetary policy since 2024 to fight inflation, which stood at 23.4% in July. Analysts say while high interest rates slowed consumer spending, they also helped stabilize the exchange rate and rebuild investor confidence.

Analysts’ Perspective

Economists say the 4.23% GDP growth is encouraging but warn that structural problems remain.

“Nigeria’s economy is moving in the right direction, but the growth is not yet broad-based,” said Ifeoma Okonkwo, a Lagos-based economist. “The oil sector continues to underperform, and inflation is still squeezing households. Until job creation improves, many Nigerians will not feel this growth.”

Unemployment remains high, especially among young people, with nearly 33% of Nigerians under 35 unemployed or underemployed, according to previous NBS data.

Regional and Global Context

Nigeria’s growth rate outpaced the Sub-Saharan African average, which the World Bank projects at 3.5% for 2025. It also places the country ahead of South Africa, whose economy grew by just 1.9% in the same period.

Global oil prices, which averaged $83 per barrel in Q2, provided some revenue support, but persistent production challenges limited Nigeria’s ability to benefit fully.

What It Means for Nigerians

Despite the strong headline numbers, many Nigerians say they have yet to see improvements in daily life. Food prices remain high, transportation costs continue to rise, and power supply is still unreliable in most parts of the country.

“The government says the economy is growing, but my salary is not enough anymore,” said Musa Ibrahim, a civil servant in Abuja. “Everything in the market is expensive.”

The NBS acknowledged that inflation remains a major concern, eroding household purchasing power. It said sustaining growth will depend on addressing insecurity in farming regions, improving energy supply, and maintaining macroeconomic stability.

Next Steps

The government has pledged to continue its reforms, including expanding infrastructure projects, improving power generation, and creating policies that attract foreign direct investment. Officials also hinted at new initiatives to support small and medium-sized businesses, which account for most of Nigeria’s employment.

International investors will be watching closely in the coming months to see if Nigeria can maintain this momentum while reducing inflation.

Outlook

Economists predict growth will remain above 4% for the rest of 2025 if reforms stay on track. However, risks include global oil price volatility, insecurity in rural areas, and possible political pressures as the government faces rising demands from citizens for quick relief.

“Nigeria has shown that it can grow beyond oil,” said Okonkwo. “The challenge now is to make that growth inclusive, so that it lifts millions out of poverty.”

The NBS will release its next GDP report in December, covering the third quarter of 2025.

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‘We Drank Garri With Muddy Water’ – Kidnapped NYSC Member Recounts Ordeal.

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One of the prospective members of the National Youth Service Corps (NYSC) rescued from kidnappers in Imo State has recounted the horrifying conditions they endured in captivity, revealing that their abductors beat them and forced them to survive on dry garri and dirty water in a forest.....KINDLY READ THE FULL STORY HERE▶

Speaking in an interview with the BBC, the victim disclosed that the kidnappers monitored conversations between captives and their families, assaulting them whenever they were displeased with anything said during the calls.

She was among 20 prospective corps members and another passenger abducted on October 1, 2026, while travelling from Ibadan, Oyo State, to orientation camps in Abia and Akwa Ibom states.

According to her account, the kidnappers allowed the victims to contact their relatives using a phone but subjected them to physical punishment if their conversations provoked the abductors.

She said, “We are given a phone to call our family, and if any family say anything they don’t want to hear or any rubbish that would make them angry, we will be beaten.

“That person will be beaten, used the gun, wood. Sometimes they use their hands to punch them, mostly the guys.”

Recounting the circumstances surrounding the abduction, the victim explained that their journey began at about 9 a.m., with the vehicle making several stops along the way.

She said the driver eventually stopped after reaching a stretch of road considered dangerous, and the passengers were advised to rest before continuing their journey.

The prospective corps member added that she had informed her family they would spend the night in a public place before going to sleep.

However, she said she woke up to find herself caught up in the abduction and could not understand how she had been taken to the forest where they were initially held.

“When I woke up, that was when the incident happened. I don’t know how we got to the forest where we were kept for some time,” she recounted.

The victim said the abductors later moved them further into the forest, where access to food and clean drinking water was severely limited.

Describing their living conditions, she revealed that the captives survived mainly on dry garri and muddy water, despite the poor quality of the water.

“What we are eating there is just garri. Like Igbo garri, dry garri with mud water. Very dirty water. I can’t even give my enemy that water. We don’t have a choice, we have to take it for survival,” she said.

She also described the emotional distress she experienced during captivity, explaining that the situation left her confused, frightened and unable to process what was happening.

“I can’t explain how I felt. I can’t even cry, I was just looking, I was lost. I don’t know what to do,” she said.

“It felt like it was a movie. I don’t believe that this is happening to me.”

The victim further disclosed that she feared she might not survive the ordeal before security operatives intervened.

She expressed gratitude to the government and security personnel, particularly operatives of the Department of State Services (DSS), whom she credited with helping to secure their release.

“The government, the DSS staff, we were rescued by them,” she stated.

The prospective corps members were abducted on October 1 when gunmen reportedly attacked two buses along the Owerri-Onitsha Road near Umunoha in Imo State.

They regained their freedom on October 7 following a coordinated security operation and were subsequently taken to a DSS medical facility in Owerri for treatment.

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‘I’m The Commander Of Field Operations’ – Wike Sends Strong Message Ahead Of 2027 Election

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The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has declared himself the commander of field operations for President Bola Tinubu’s re-election campaign in Abuja ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

reports that Wike made the declaration on Monday during a stakeholders’ meeting of the Rainbow Coalition in Abuja.

The meeting was attended by stakeholders from the All Progressives Congress (APC) and the Peoples Democratic Party (PDP), including party chairmen, serving and former senators, National Assembly candidates, and political leaders from the FCT’s six area councils.

Speaking at the gathering, Wike announced plans for a joint mobilisation effort involving APC and PDP members to secure victory for Tinubu in the presidential election and support candidates of the ruling party contesting National Assembly seats in the FCT.

The minister urged participants to prioritise the coalition’s shared political objective over their individual party affiliations.

Wike said the stakeholders had reached a consensus on supporting Tinubu’s re-election bid, adding that he would coordinate political activities in both the FCT and Rivers State.

“For the presidency, all of us have agreed that it is Bola Ahmed Tinubu. I am going to coordinate the FCT and Rivers State. So you can imagine how important it is,” he said.

Emphasising his role in the FCT campaign, Wike added, “I am in charge of the FCT election. I am the commander of field operations as far as the FCT election is concerned.”

He further called on members of both parties to work together, insisting that political differences should not undermine their collective objective ahead of the polls.

“I want to let all of you know that we are going to work together. Nobody should say, ‘I am PDP’ or ‘I am APC.’ For the purpose of this election, we are together,” the minister stated.

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2027 Election: Pantami Reacts As INEC Removes His Name From Final Governorship List.

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Former Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim Pantami, has appealed to his supporters to remain calm following the omission of his name from the Independent National Electoral Commission’s (INEC) final list of candidates for the 2027 Gombe State governorship election.....KINDLY READ THE FULL STORY HERE▶

Pantami, who defected from the All Progressives Congress (APC) to the Peoples Democratic Party (PDP) in May, was absent from the list published by INEC on Saturday.

In a statement shared on his social media platforms, the former minister’s camp described the development as a temporary electoral setback, assuring supporters that efforts were being made to resolve the issue.

The statement, signed by Professor Suleiman Mohammed Gombe, acknowledged the concerns raised by PDP members and supporters of the Pantamiyya Movement both within and outside Gombe State.

According to the statement, Pantami’s legal and liaison teams are engaging relevant PDP organs and INEC to secure compliance with a court order and address the omission within the period allowed by law.

The camp urged supporters to remain optimistic, stressing that the publication of the final list did not bring the matter to a conclusion.

“We are aware of the people working behind the scenes to frustrate good and responsible leadership in Gombe State,” the statement said.

Expressing confidence that the issue would be resolved, the camp encouraged supporters to sustain their mobilisation efforts and remain committed to the movement’s goal of serving humanity.

It also reaffirmed the unity between the PDP and the Pantamiyya Movement, stating that both remained committed to advancing the political aspirations of their supporters in Gombe State.

“No distraction will derail our course, in sha Allah,” the statement added.

Clarify Pantami’s Current Electoral StatusTighten The Repeated Reassurances
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