NIGERIA’S GDP GREW BY 3.46% IN Q4 2023 – NBS
The National Bureau of Statistics (NBS) says Nigeria’s Gross Domestic Product (GDP) grew by 3.46% (year-on-year) in real terms in the fourth quarter of 2023.
In its GDP Report for Q4 2023 released on Thursday, the NBS said this growth rate was lower than the 3.52% recorded in Q4 2022 and higher than the Q3 2023 growth of 2.54%.
“The performance of the GDP in the fourth quarter of 2023 was driven mainly by the Services sector, which recorded a growth of 3.98% and contributed 56.55% to the aggregate GDP,” the Bureau stated.
“The agriculture sector grew by 2.10%, from the growth of 2.05% recorded in the fourth quarter of 2022. The growth of the industry sector was 3.86%, an improvement from -0.94% recorded in the fourth quarter of 2022.
“In terms of share of the GDP, industry, and the services sectors contributed more to the aggregate GDP in the fourth quarter of 2023 compared to the fourth quarter of 2022.
“On an annual basis, GDP grew by 2.74% in 2023 relative to 3.10% in 2022.”
More Stories
‘REFEREE STOLE THE KO’, SAYS USYK’S PROMOTER AFTER VICTORY OVER TYSON FURY
By Ajape Sefiu A. Alexander Krassyuk, the promoter of Oleksandr Usyk, feels that the fight should have ended sooner rather...
GOV. MAKINDE APPLAUDED ON FAKOREDE’S APPOINTMENT
The management of the Shooting Stars Sports Club (3SC), has applauded the Executive Governor of Oyo State, Engineer Seyi...
DRAKE LOSES WHOOPING $565,000 AFTER BETTING ON TYSON FURY TO BEAT USYK
Canadian rapper, Drake, has lost $565,000 after betting on Tyson Fury to defeat Oleksandr Usyk. This is yet another big-money...
USYK RUSHED TO HOSPITAL AFTER DEFEATING TYSON FURY
Oleksandr Usyk was rushed to hospital following his split decision victory over Tyson Fury. After the fight, Fury claimed he...
COURT JAILS SOCIAL MEDIA INFLUENCER FOR CELEBRITY SCAM IN LAGOS
Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, May 15, 2024, convicted and...
USYK BECOMES UNDISPUTED HEAVYWEIGHT CHAMPION AFTER DEFEATING TYSON FURY
Oleksandr Usyk defeated Tyson Fury in a split decision in Saudi Arabia to become the undisputed heavyweight champion of the...