Nigeria’s economy slows in 2022 as agric, industry sectors disappoint

The Nigerian economy grew at a slower pace last year compared to 2021 owing largely to the poor performance of the agriculture and industry sectors, official data released on Wednesday show.

The National Bureau of Statistics (NBS) said the country’s Gross Domestic Product growth fell to 3.1 percent in 2022 from 3.4 percent in 2021.