The National Bureau of Statistics, NBS, has said that Nigeria’s oil sector grew by 20.46 percent in the second quarter (Q2) of 2025, outperforming the non-oil sector.

The report of the Bureau’s Q2 2025 Gross Domestic Product, GDP, released on Monday revealed that the sector grew by 10.38 percentage points compared to the 10.08 percent recorded in the corresponding quarter of 2024.

NBS said that the significant difference followed the rebasing of the GDP by the NBS in July, updating the base year to 2019.

NBS released the long-awaited rebased GDP figures, updating the base year to 2019.

DAILY POST reports that the GDP rebasing involves updating the method used to calculate the country’s economic output, often by selecting a more recent base year for comparison — a change that significantly alters year-on-year assessments.

According to NBS, the oil sector growth increased by 18.59 percentage points from the 1.87 percent recorded in the first quarter (Q1) 2025.

It added that the Q2 2025 figure also outstripped the 5.66 percent and 2.08 percent growth rates recorded in Q3 and Q4 of last year, respectively.

“On a quarter-on-quarter basis, the oil sector recorded a growth rate of 6.01% in Q2 2025. The Oil sector contributed 4.05% to the total real GDP in Q2 2025, up from the figure recorded in the corresponding period of 2024 at 3.51% and up from the preceding quarter, where it contributed 3.97%,” the report read.