Nigeria’s GDP growth is doing waka of a tortoise—slow, but steady at 3.13%, even as naira carries the weight of Everest. This surprising contrast has everyone talking in latest Nigeria news trending today.
According to the National Bureau of Statistics, Nigeria’s GDP growth rate climbed to 3.13% in Q1 2025, up from 2.27% last year, but still shy of the 4.9% analysts predicted. Following the GDP rebasing from 2010 to 2019, the nation’s economy now measures ₦372.8 trillion ($243.7 bn), with the services sector contributing 57.15%.
This GDP growth is like seeing your aunty hawk gari but still paying ₦100 per sachet of pure water. The numbers look better on paper, but the cost-of-living crisis is busier than Lagos traffic during Ramadan!
President Tinubu’s reforms—naira devaluation and subsidy removal—have been touted as “bold moves.” But if bold means waking up to ₦1,000 for a loaf of bread, then bold is indigestion!
Key takeaways:
GDP growth 3.13%: Better than last year, but below forecast
Services sector booming: Almost 60% of GDP
Reforms cut deep: Naira devaluation + subsidy end = naira squeezed
On-paper vs Real life: Numbers grow, but Nigerians still struggling
Comment below 👇: Do you feel this GDP growth in your pocket? Tag a friend who’s still counting naira to make ends meet!
The National Bureau of Statistics has published the rebased Gross Domestic Product figures, using a base year of 2019.
— NBS Nigeria (@NBS_Nigeria) July 21, 2025
In nominal terms, the rebased GDP for 2019 stood at N205.09trillion, N213.63 trillion in 2020, N243.30 trillion in 2021, N274.23 trillion in 2022, N314.02… pic.twitter.com/gL5QDx7RMA
So yes, Nigeria’s GDP is flexing, but until that flex reaches your household budget, this “growth” is just a pot of eba without soup—dry and hollow. Mic drop. 🎤
Top Social Media Comments…..
Commented @LagosMama on X:
“GDP don show face but bread price increase too. Who dey feel am?”
Commented @NaijaInvestor on Facebook:
“33% service sector? Me I dey survive small chops with 75% salary cut.”
Commented @AbujaYouths on X:
“So we grow on paper but hustle for real everyday? #Truth”
Commented @EkitiPastor on Facebook:
“Nairaland discussion quiet o. People just dey pray.”
Commented @PlateauMan on X:
“Make Tinubu come display am for our eyes. Show me 3.13% difference for the fuel queue!”
Nigeria’s GDP growth of 3.13% in Q1 highlights a shifting economic landscape—driven by services and rebasing—yet real life remains tinged by inflation and subsidy shocks. For today news in Nigeria, it’s proof that economic stats don’t automatically translate to bread and butter in every household. Stay woke, stay informed.
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Original Story by Reuters
