Nigeria’s GDP drops to 2.51% in Q2 2023

Compress 20230825 203018 8418.jpgnocache1.jpeg
Compress 20230825 203018 8418.jpgnocache1.jpeg

The NBS in a statement on Friday, said the figure reduced by 1.03 percentage points than the rate recorded in Q2 2022 (3.54%), but higher by 0.20% percentage points relative to 2.31% recorded in the first quarter of 2022.

It stated that the GDP grew slower than the previous quarter due to the reduction of the daily average production of crude oil which fell to 1.22 million barrels per day.