Nigeria’s economy grows by 3.52% in Q4, 2022

The National Bureau of Statistics (NBS) has announced that Nigeria’s economy grew in the fourth quarter of 2022, at a faster pace compared to the previous quarter.

NBS stated this in its latest Gross Domestic Product (GDP) report published on its website on Wednesday.

Breakdown from the report showed that Africa’s biggest economy saw its GDP grow by 3.52 percent (year-on-year) in real terms in Q4 2022, down from 2.25 percent in Q3 and 3.98 percent in the same period last year.