GDP in Nigeria is estimated to be $1.153 trillion international dollars at the end of 2024. The economy of Nigeria has grown at an average annual growth rate of 2.4% in the last four years and is ranked the 2nd largest economy in Africa, ahead of South Africa....
+00234 82; Abakaliki +00234 43; Abeokuta +00234 39; Abuja +00234 9; Ado Ekiti +00234 30; Agbor +00234 55; Ahoada +00234 86; Akure +00234 34; Asaba +00234 56; Auchi +00234 57; Awka +00234 48; Azare +00234 71; Badagry +00234 1; Bauchi +00234 77; Benin +00234 52; Birnin +...
1% GDP growth in 2023 Singapore’s gross domestic product is growing at a modest 1%, but as an advanced, mature economy, this is a positive sign—especially given the tough global outlook.(3) 5th by GDP per capita(4) Gross domestic product per capita – a measure of a country’s ...
The CBN that Emefiele superintends has irredeemably failed to achieve its core mandate of financial and price stability. While still in office, he dabbled in politics and wanted to contest the 2023 presidential election. In a highly polarised Nigeria, he may have also offended some interests by...
"Improved oil production and an expected better harvest in the second half of the year are positive for 2024 GDP growth, which is projected to reach 3.2 percent, although high inflation, naira weakness, and policy tightening will provide headwinds," the Washington, D.C.-based organizati...
In addition to renewable energy, Nigeria has immense potential for the growth of its agriculture and tourism sectors. According to a report by the World Bank, agriculture contributes to about 24% of Nigeria’s GDP and employs approximately 70% of the population [29]. With favorable climatic con...
Vietnam is one of the fastest growing economies in Southeast Asia, described by the World Bank as a “development success story”23. Economic reforms and beneficial global trends have helped transform it from one of the world’s poorest nations into a middle-income economy with a GDP per...
In macroeconomic terms, Nigeria’s total exported goods represent 4.4% of its overall Gross Domestic Product for 2023 ($1.364 trillion valued in Purchasing Power Parity US dollars). That 4.4% for exports to overall GDP per PPP in 2023 compares to 4.9% for 2022. Those percentages suggest a re...
Concurrently, the GDP is set to reach more than 500 billion U.S. dollars by that time. The country’s telecoms industry also stands to profit from Nigeria’s overall growth due to its contribution to the country’s GDP being steady as of 2012 (7.5 to 10 percent of annual GDP). ...
OBJ has played a very crucial role in the development of Nigeria especially after the civil war and his tenure as president. Before Obasanjo’s administration,Nigeria’s GDP is 1987 was one of the lowest in the world.But OBJ implemented new policies that doubled our GDP until he left offi...