Nigeria's Dollar GDP Surges 22% to $307 Billion in 2025

A new report by Quartus Economics paints a rosy picture of Nigeria's economic performance in 2025, with its dollar GDP surging by 22% to an impressive $307 billion. This significant leap, detailed in the 'Nigeria on the Rise Again' report, signifies a robust recovery and pushes the nation's economy back above the crucial $300 billion mark. The growth is attributed to a dual engine: a healthy expansion in nominal GDP and a welcome appreciation of the naira.

This economic resurgence is not just a domestic triumph but a continental standout. Nigeria's dollar GDP growth significantly outpaced the Sub-Saharan Africa average of 10.33%, positioning it as a key driver of the continent's economic expansion. While Ghana recorded a higher growth rate, Nigeria's performance eclipses that of other major economies like South Africa and Egypt. Furthermore, Nigeria's share of Africa's total GDP in dollar terms has climbed, underscoring its strengthening economic influence within the region.

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In 2025, Nigeria’s dollar GDP expanded 22 per cent. This comprises an 18.43 per cent growth in nominal GDP and a three per cent appreciation of the naira.

The report also highlights a substantial increase in Nigeria's GDP per capita, which rose by 19.5% to $1,295. This growth outpaced population expansion, a positive sign for the average citizen's economic well-being. While still below many peer economies, this improvement represents a significant step forward and surpasses regional averages, indicating a positive trajectory for living standards. The narrative of Nigeria 'on the rise again' is strongly supported by these figures, offering a hopeful outlook for the nation's economic future.

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Despite a population growth of 2.1 per cent, which implied the country added 4.8 million people during the year, the country’s GDP per capita still grew 19.5 per cent in $ terms.