Nigeria Economy Expands 3.13% in Q1 2025 After Major GDP Rebasing, Epicstorian News Reports

FCT, Nigeria - Sept. 20, 2025 - PRLog -- Nigeria economy expanded 3.13 percent in the first quarter of 2025 following a major GDP rebasing, according to the National Bureau of Statistics (NBS).
The rebasing revised the country's economic output framework to better reflect current market activities, including telecommunications, e-commerce, and other service sectors.

NBS data shows that the services sector accounted for the largest share of growth, supported by telecommunications and financial services expansion.

Agriculture also contributed significantly, with increased output in crop production, livestock, and fisheries.

Manufacturing growth remained steady, driven by food processing, cement production, and light consumer goods industries.

The revised GDP figures present a more accurate picture of Nigeria economy performance, analysts say, compared to previous estimates based on outdated base year calculations.

According to NBS, the new base year reflects structural changes in the economy since the last rebasing, including the rise of digital services and informal sector contributions.

Epicstorian News reports that the updated statistics will help policymakers design more effective fiscal and monetary policies. Read related analysis on Epicstorian News [https://www.epicstorian.com/nigeria-economy-expands-3-13-... ].

International investors and market analysts welcomed the rebasing, noting that it provides clearer insights into Nigeria economy trends and sectoral performance.

Experts suggest that the GDP rebasing may improve Nigeria's global economic rankings and influence investment decisions.

Epicstorian News notes that similar rebasing exercises are common in emerging economies to ensure official statistics reflect contemporary economic realities.

The NBS emphasizes that ongoing data collection and quarterly revisions are critical for tracking economic progress and identifying key growth drivers.

Analysts also point out that Nigeria's economy continues to diversify, with services and agriculture increasingly leading growth beyond traditional oil dependency.

Epicstorian News will continue monitoring subsequent quarterly data releases to provide timely updates and analysis to international audiences.