The Central Bank of Nigeria says that Nigeria’s economy grew the most in December 2025, when business activity picked up in all major sectors.

The Purchasing Managers Index (PMI) from the central bank showed that the composite PMI rose from 56.4 points in November to 57.6 points in December. The reading was the highest of the year and the thirteenth month in a row that it had grown.

A PMI score of more than 50 means that things are getting better. The December result shows that things are getting better and that the recovery is spreading to more areas as activity picked up in agriculture, services, and industry.

Growth is happening in all the main sectors of the economy

The central bank said that 32 of the 36 subsectors it looked at grew during the month. This was due to stronger demand and higher business confidence.

One of the best things that happened was industrial activity. The industry PMI rose to 57.0 points in December, the fastest rate of growth since March 2020. Fourteen of the 17 industrial subsectors said they were growing, thanks to higher production levels, more new orders, and better supply chain conditions.

According to people who took the survey, manufacturing companies also benefited from easier access to raw materials and a more stable power supply. Analysts say that the rebound shows that the economy is strong, even though costs are still high and financing is hard to get.

The services sector keeps growing at a steady pace

The services sector continued to grow, with the PMI staying at 56.4 points in December. This was the eleventh month in a row that the economy grew, thanks to more activity in transportation, trade, finance, and hospitality.

Thirteen of the 14 service subsectors grew, while one stayed the same. Businesses said that increased customer demand and seasonal activity were two reasons for the continued growth.

The CBN said that services continued to help keep the economy stable by softening the effects of changes in other sectors.

Agriculture is the biggest driver of economic growth

With a PMI of 58.5 points, agriculture was the best performer in December. This was the seventeenth month in a row of growth and the highest reading among the three sectors.

All five agricultural subsectors that were looked at saw growth. This was due to better harvesting conditions and steady demand at home. Analysts say the strong performance shows how the sector is becoming more important for keeping the economy stable.

Even though the data was good, the CBN warned about rising costs. The input price indices for industry, services, and agriculture were all higher than the output price indices, which means that inflation is still a problem.

Economists say that long-term growth will depend on keeping inflation under control, the exchange rate stable, and the momentum of reforms going through 2026.