Index to Nigerian Newspapers

Nigeria’s economy grew by 3.98% in the third quarter of 2025, an increase from 3.86% in the third quarter of 2024, according to the National Bureau of Statistics. While sectors like agriculture and industry showed stronger growth, concerns were raised by the Organised Private Sector regarding the limited impact on small businesses and households. The Gross Domestic Product in real terms rose to N57.03 trillion, up from N54.85 trillion, with nominal output increasing by 18.12% to N113.59 trillion. The oil sector witnessed a growth rate of 5.84%, with crude production averaging 1.64 million barrels per day. Despite mixed sector performance, notable growth was recorded in Information and Communications Technology and finance, highlighting ongoing vulnerabilities amidst an uneven recovery. The International Monetary Fund also revised Nigeria's Gross Domestic Product growth outlook upward to 3.9% for 2025, driven by improved oil production and investor confidence. Organised Private Sector leaders acknowledged the growth yet emphasized the necessity for tangible benefits to small and medium enterprises and households to ensure that these economic improvements translate into real relief.