Tags : Nigeria GDP

Nigeria’s GDP Grows By 3.54%

Data published by the National Bureau of Statistics has revealed that Nigeria’s gross domestic product grew by 3.54 percent, Year-on-Year,  in the second quarter of 2022. The GDP grew from 3.11 percent in Q1 2022 and declined to 5.01% in the second quarter of 2021. In addition, the recent rising prices have adversely impacted on […]Read More

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

Nigeria’s Economy To Grow By 3.4% In 2022 

The IMF revealed a 3.1 percent growth projection for the nation in 2023, down from 3.4 percent in 2022 and 3.6 percent in 2021. Nigeria’s economic projection is lower than that of the Sub-Saharan African region, which is expected to grow by 4.5 per cent in 2021, 3.8 per cent in 2021, and 4.0 per […]Read More

Nigeria Launches Largest Fertilizer Plant In Africa Amid Surge In

Nigeria may soon become a leading exporter of fertilizer with Dangote’s timely completion and launching of the world’s second-largest fertilizer plant. The high production capacity facility in Lagos, the commercial hub, adds to the existing output of 3.1 million tons in the West African nation and would contribute immensely to the global fertilizer market as […]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

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 Might Drop By 2030

The World Bank has said that Nigeria’s GDP may decline by $139 billion in 2030 on the back of a collapse in ecosystem services. The apex Institution in its latest report, “Economic Case for Nature”, said that the loss in GDP could cause a permanent reduction of the country’s potential productive economy. It added that […]Read More