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BREAKING: Nigeria’s GDP Growth Dropped To 2.98% In Q1 2024, Says NBS

Posted by Samuel on Fri 24th May, 2024 - tori.ng

The growth rate, the bureau said, is higher than the 2.31 percent recorded in the same quarter in 2023 but lower than the 3.46 percent recorded in the fourth quarter (Q4) of 2023.

Nigeria’s GDP Growth

According to the National Bureau of Statistics (NBS), Nigeria's gross domestic product (GDP) experienced a growth of 2.98 percent in the initial quarter (Q1) of 2024.

The growth rate, the bureau said, is higher than the 2.31 percent recorded in the same quarter in 2023 but lower than the 3.46 percent recorded in the fourth quarter (Q4) of 2023.

NBS made this known on Friday in its GDP report for Q1 2024.

More to follow…