Tags : GDP growth

Nigeria’s GDP Grew By 3.11% In Q1 2022 

Nigeria’s Gross Domestic Product grew by 3.11 per cent in the first quarter of 2022. The National Bureau of Statistics disclosed this in its Nigerian Gross Domestic Product Report Q1, 2022. It stated that, “Nigeria’s Gross Domestic Product grew by 3.11 per cent (year-on-year) in real terms in the first quarter of 2022, showing a […]Read More

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Reviewing Nigeria’s 2021 GDP Growth (1)

The National Bureau of Statistics has reported that the country’s Gross Domestic Product increased by 4.03 percent in the third quarter of 2021. This is contained in its Gross Domestic Product Report Expenditure and Income Approach report for Q3, Q4 2021. According to the report, in the third quarter of… You must be registered to […]Read More

South Africa Reports 1.2% Economic Growth In The Last Quarter

A new report focused on the final quarter of 2021 showed an expansion in South Africa’s economy following recovery in the agriculture and manufacturing industries. Data from Statistics South Africa said gross domestic product (GDP) grew by 1.2% quarter on quarter in the last three months of 2021 following a contraction of 1.7% in the […]Read More

Mining, Quarrying Sector Contributed N5.37tn To GDP In 2021

According to the National Bureau of Statistics, the mining and quarrying sector recorded a total contribution of N5.37tn to the Gross Domestic Product in 2021. This was according to the data obtained from the Gross Domestic Product for the year under review. The N5.37tn was, however, a decline when compared to the N5.82tn recorded in […]Read More

Manufacturing Sector GDP Rises 3.35%

Analysis of the Q4 2021 Gross Domestic Product report of the National Bureau of Statistics has shown that  the manufacturing sector bounced back to growth with N6.5 trillion in 2021, representing 3.35 per cent growth from N6.29 trillion in 2020. The sector had recorded a contraction of 2.75 per cent in 2020 from  N6.47 trillion […]Read More

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How Nigeria’s 2021 GDP Beats Projections

The National Bureau of Statistics, in its quarterly report, has published that the country’s Gross Domestic Product grew by 3.98 percent in the fourth quarter of 2021. This, which is considered as the strongest growth since 2014, translates to 3.4 percent as the annual GDP growth for 2021. According to… You must be registered to […]Read More

Banks, Others Contribute N2.3trn To Economy

Findings from the Gross Domestic Product released by the National Bureau of Statistics Q4 2021 report has shown that Banks and other financial institutions excluding insurance, contributed N2.3 trillion to the nation’s real GDP, in 2021. This is  up by 10.5 per cent from 2.1 trillion in 2020. The contribution of banks and other financial […]Read More

Nigeria Records 3.4% GDP Growth in 2021

Nigeria’s Gross Domestic Product grew by 3.98 per cent in the fourth quarter of 2021, the  strongest growth since 2014. This was contained in the quarter GDP report released by the National Bureau of Statistics. The report showed that the fourth-quarter growth accounted for annual growth of 3.40% in 2021. Part of the report read, […]Read More

Nigeria’s GDP Grows By 4.03% In Q3

The National Bureau of Statistics announced that Nigeria’s Gross Domestic Product  grew by 4.03 per cent in the third quarter of the year (Q3 2021). The Statistician-General of the Federation and the Chief Executive Officer of the NBS, Mr Simon Harry, explained that the negative GDP figures recorded in 2020 as a result of the […]Read More

Nigeria’s Debt-to-GDP Ratio To Hit 42% By 2026

The International Monetary Fund has projected that Nigeria’s government gross debt to Gross Domestic Product ratio will rise to 42 percent by 2026. The IMF which said this in the October 2021 Fiscal Monitor Report published on its website stressed that it is an increase  from 35.7 percent in 2021. It said the country’s gross […]Read More