Nigeria's economic growth last year was quite promising. The country's GDP grew by 3.9% year-on-year in the first half of 2025, up from 3.5% in the same period of 2024. This growth was driven by strong performance in services and non-oil industries, alongside improvements in oil production and agriculture.
In fact, the International Monetary Fund (IMF) has projected Nigeria's GDP growth to rise to 3.4% in 2025, indicating improved sentiments and confidence in the country's economic direction.
Some key sectors that contributed to this growth include:
- Services: Recorded a growth rate of 4.33% and contributed 57.15% to the aggregate GDP
- Agriculture: Showed significant improvement
- Oil production: Increased to 1.6 million barrels per day
- Industrial sector: Expanded by 7.45% in Q2 2025, driven by oil
The Nigerian Stock Exchange also outperformed its peers, posting a robust 48.12% gain and consolidating its bullish run.
The Nigeria stock market did some numbers last year which we are looking at something more bigger this year.
I'm In dismay that with this analysis of yours and the economic situation is Nigeria last year you thought Nigeria's economy of last year was better, now let me ask. Do we know the level of hunger we experienced last year?, if this analysis about different sectors is so true as it is written down here , why were the Masses complaining of hardship, hunger and couldn't afford to pay rent that has forced many to relocate to their villages, so I don't believe in this analysis.
Nigerian government shifted all their attention to the oil industries and forgot to diversify the economy in order to make things easier for us the Masses, had it been they invested into agriculture the prices of food will drop and there will be job opportunities for the Youths from that sector, as for me Nigerians economy of last year has not improved even naira keeps depreciating in value.