Nigeria’s economy recorded a 4.23% growth rate in the second quarter of 2025, according to the latest figures from the National Bureau of Statistics (NBS).
LensNews confirmed that the new growth figure represents an improvement from the 3.13% GDP growth posted in the first quarter of the year, showing a steady strengthening of the economy.
The NBS explained that the updated figures reflect changes from the country’s recent GDP rebasing exercise, which adjusted the way economic output across several sectors is measured.
President Bola Tinubu has set a target of achieving 7% annual economic growth by 2027, and officials say the latest numbers indicate progress toward that goal.
Analysts, however, note that while the rebound is encouraging, Nigeria still faces structural challenges, including inflationary pressures, foreign exchange volatility, and sluggish job creation.
