{"id":167303,"date":"2025-09-29T04:02:08","date_gmt":"2025-09-29T04:02:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/167303\/"},"modified":"2025-09-29T04:02:08","modified_gmt":"2025-09-29T04:02:08","slug":"top-10-fastest-growing-sectors-in-nigeria","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/167303\/","title":{"rendered":"Top 10 fastest growing sectors in Nigeria"},"content":{"rendered":"<p>Nigeria\u2019s Q2 2025 GDP figures, released by the <a href=\"https:\/\/www.nigerianstat.gov.ng\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">National Bureau of Statistics (NBS)<\/a>, the report shows that Nigeria\u2019s economy is building momentum in key infrastructure and services sectors despite broader structural challenges.<\/p>\n<p>The latest figures show a robust performance for Nigeria\u2019s economy, which grew by an impressive 4.23 percent in the second quarter of 2025.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>Here are the fastest-growing sectors in Nigeria in the second quarter of 2025, based on the latest GDP report:<\/p>\n<p>1. Coal Mining (57.53%)<\/p>\n<p>Coal mining surged to the top, recording an extraordinary rebound. The sector jumped from a contraction of -22.28% in Q1 to an impressive 57.53% growth in Q2.<\/p>\n<p>2. Quarrying and Other Minerals (45.86%)<\/p>\n<p>One of the quarter\u2019s biggest turnarounds, this sector bounced back from -21.15% in Q1 to post 45.86% growth, underscoring a remarkable recovery.<\/p>\n<p>3. Rail Transport &amp; Pipelines (43.08%)<\/p>\n<p>Building on its Q1 lead of 28.95%, this sector grew even further to 43.08% in Q2, solidifying its place among the fastest-growing industries. <\/p>\n<p>4. Water Transport (27.90%)<\/p>\n<p>In line with logistics sector gains, water transport expanded from 3.46% in Q1 to 27.90% in Q2.<\/p>\n<p>5. Road Transport (24.50%)<\/p>\n<p>Road transport sustained its momentum, accelerating from 18.46% growth in Q1 to 24.50% in Q2.<\/p>\n<p>6. Transportation and Storage (22.09%)<\/p>\n<p>Reflecting stronger logistics and trade activity, this sector rose from 14.80% in Q1 to 22.09% in Q2.<\/p>\n<p>7. Mining and Quarrying (20.86%)<\/p>\n<p>As the parent sector of several strong performers, mining and quarrying grew from 2.97% in Q1 to 20.86% in Q2, boosted by the success of its sub-sectors.<\/p>\n<p>8. Crude Petroleum and Natural Gas (20.46%)<\/p>\n<p>The oil and gas sector rebounded sharply, moving from 1.87% growth in Q1 to 20.46% in Q2, significantly lifting GDP performance.<\/p>\n<p>9. Electricity, Gas, Steam and Air Conditioning Supply (11.47%)<\/p>\n<p>This sector remained in positive territory but slowed, easing from 18.65% in Q1 to 11.47% in Q2.<\/p>\n<p>10. Water Supply, Sewerage, Waste Management and Remediation (10.60%)<\/p>\n<p>A consistently strong performer, this sector grew steadily from 9.43% in Q1 to 10.60% in Q2, reflecting rising demand for essential services.<\/p>\n","protected":false},"excerpt":{"rendered":"Nigeria\u2019s Q2 2025 GDP figures, released by the National Bureau of Statistics (NBS), the report shows that Nigeria\u2019s&hellip;\n","protected":false},"author":2,"featured_media":167304,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,2184,8720,17389,56,54,55],"class_list":["post-167303","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-gdp","tag-nigeria","tag-sector","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/167303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=167303"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/167303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/167304"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=167303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=167303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=167303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}