Photo credit: DiasporaEngager (www.DiasporaEngager.com).
According to the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) grew by 2.51% (year-on-year, YoY) in real terms in the second quarter (Q2) of 2023. This growth rate is less than the 3.54% recorded in the Q2 2022 and is primarily driven by the services sector, which recorded a growth rate of 4.42 percent in the period and contributed 58.42 percent to the aggregate GDP.
Source of original article: CSEA AFRICA – CENTRE FOR THE STUDY OF THE ECONOMIES OF AFRICA (cseaafrica.org).
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