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Economy

Top 10 Fastest-Growing Sectors in Nigeria

Nigeria’s Q2 2025 GDP figures, released by the National Bureau of Statistics (NBS), show that the economy is seeing strong traction in select infrastructure and services sectors despite broader structural challenges.

The latest data reveals a robust performance, with the overall economy expanding by an impressive 4.23 percent in Q2 2025.

According to data from the National Bureau of Statistics (NBS), coal mining emerged as the fastest-growing sector in the quarter, expanding by 57.53 percent year-on-year, overtaking Rail Transport and Pipelines in the first quarter of 2025.

Close behind were the Quarry and other minerals, which grew by 45.86 percent, a continuation of momentum from 2024 amid improved global demand and rising local extraction.

Here are the fastest-growing sectors in Nigeria in the second quarter of 2025, based on the latest GDP report:

Coal Mining (57.53%)

Surging to the top of the list, the Coal Mining sector recorded an extraordinary growth rate. This sector experienced a surge, leaping from a -22.28 percent growth in the first quarter of 2025 to 57.53 percent in the period under review.

Quarrying and Other Minerals (45.86%)

This sector’s remarkable comeback is one of the most compelling stories of the quarter. It reversed a sharp contraction of -21.15 percent in Q1 to post an impressive 45.86 percent growth in Q2.

Rail Transport & Pipelines (43.08%)

After leading the pack in Q1 with 28.95 percent growth, this sector grew further by 43.08 percent in Q2, making it one of the country’s top three fastest-growing sectors, showcasing its sustained strength.

Water Transport (27.90%):

Following the trend in logistics, the Water Transport sector saw an increase, from 3.46 percent to 27.90 percent in the second quarter.

Road Transport (24.50%):

The road transport sector’s growth accelerated from 18.46 percent in Q1 to 24.50 percent in the period under review.

Transportation and Storage (22.09%)

This sector showed strong, consistent growth, increasing from 14.80 percent in Q1 to 22.09 percent in Q2, a clear sign of expanding logistics and trade activities.

Mining and Quarrying (20.86%)

The parent sector for some of the top performers accelerated from a growth rate of 2.97 percent in Q1 to 20.86 percent in Q2, driven by the exceptional performance of its sub-sectors.

Crude Petroleum and Natural Gas (20.46%)

The oil sector, a key component of the economy, saw a significant acceleration. It grew by a modest 1.87 percent in Q1 but surged to 20.46 percent in Q2, contributing substantially to the overall GDP growth.

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Electricity, Gas, Steam and Air Conditioning Supply (11.47%)

Mirroring the trend of essential services, this sector also saw a drop from 18.65 percent in the previous quarter to 11.47 percent in the second quarter.

Water Supply, Sewerage, Waste Management and Remediation (10.60%)

This sector consistently performed well, growing from 9.43 percent in Q1 to a strong 10.60 percent in Q2, demonstrating an accelerating demand for these essential services.

BusinessDay

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