ABUJA, May 23 (Xinhua) -- Nigeria's Gross Domestic Product (GDP) grew by 3.11 percent year-on-year in real terms in the first quarter of 2022, despite low oil output in the same period, according to data released on Monday by the National Bureau of Statistics (NBS). The growth rate ...
Nigeria has the largest population in Africa (2), and one of the youngest worldwide (3). 3.3% GDP growth 3.3% growth in 2022 (4). Nigeria’s economy has been unsettled in recent years, but the outlook now looks good with growth of around 3% forecast through to 2028 (5). ...
the real gross domestic product (GDP) growth of the Western and Central Africa (AFW) subregion is estimated to decline to 3.4 per cent in 2023, from 3.7 per cent in 2022, while that of Eastern and Southern Africa (AFE) declines to 3.0 per cent in 2023, from 3.5 per cent in 2022. ...
LAGOS, June 16 (Xinhua) -- Nigeria's economic recovery continues to gain strength on the back of services and agriculture, with gross domestic product(GDP) growth projected at 3.4 percent year on year in 2022, the International Monetary Fund(IMF) said. In a statement reaching Xinhua on Thurs...
Economic summary: GDP/PPP (2020 est.): $1,013,530,000,000; per capita $4,900 Real growth rate: 0.8%. Inflation: 11.3%. Unemployment: 16.5%. Arable land: 37.3%. Agriculture: cocoa, peanuts, palm oil, corn, rice, sorghum, millet, cassava (tapioca), yams, rubber; cattle, sheep, go...
Nigeria GDP Growth Quickens to 3.19% in Q2 Nigeria's economy grew by 3.19% year-on-year in Q2 2024, accelerating from 2.98% in the previous three-month period. The crucial oil sector expanded by 10.15% in Q2, much faster than 5.70% in the previous period, driven by increased oil outpu...
Economic summary:GDP/PPP(2020 est.): $1,013,530,000,000; per capita $4,900Real growth rate:0.8%.Inflation:11.3%.Unemployment:16.5%.Arable land:37.3%.Agriculture:cocoa, peanuts, palm oil, corn, rice, sorghum, millet, cassava (tapioca), yams, rubber; cattle, sheep, goats, pigs; timber...
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....
Nigeria Targets 10% GDP Growth: Four Weeks before Nigeria's 50th Independence Anniversary, the Country's Minister of Finance Olusegun Aganga (Pictured below) Addressed International Investors in a Bid to Boost FDI. Stephen Williams Went to Hear What He Had to Say By Williams, Stephen Magazine...
The article offers information on the financial plans presented by Finance Minister Olusegun Aganga for the economic development of Nigeria. It reports on the approval given by Nigeria's National Economic Management Team to build a sovereign...