Nigeria’s oil GDP slows to 6% in Q2 2025
Nigeria’s oil sector recorded slower growth in the second quarter of 2025, signalling fresh concerns for the country’s broader economic performance as global crude market uncertainties weigh on Africa’s top producer.
Official data from the National Bureau of Statistics (NBS) revealed the oil sector posted a quarter-on-quarter growth rate of 6.01 per cent in the second quarter of 2025, a notable decline from the 13.81 per cent expansion in Q1 2025.
The figures suggest that while the sector remains in positive territory, the pace of expansion has almost halved, raising questions about output stability, investment inflows and price trends in the months ahead.
The slowdown comes at a time when Nigeria is grappling with production challenges, ranging from pipeline vandalism and crude theft to underinvestment in upstream infrastructure.
The NBS stated: “The real growth of the oil sector was 20.46 (year-on-year) in Q2 2025, indicating an increase of 10.38 percentage points relative to the rate recorded in the corresponding quarter of 2024 (10.08 per cent).
“Growth increased by 18.59 percentage points when compared to Q1 2025, which was 1.87 per cent. On a quarter-on-quarter basis, the oil sector recorded a growth rate of 6.01 per cent in Q2 2025.
