Nigeria’s economy grew 2.54% in the third quarter of 2023 the National Bureau of Statistics (NBS) latest report on Nigeria’s Gross Domestic Growth (GDP) released on Friday has shown.
This is slightly up from the 2.51% recorded in the second quarter of 2023. When compared with the corresponding quarter of 2022, the current growth rate surpasses the 2.25% recorded in the third quarter of 2022.
According to the report, the performance of the GDP in the third quarter of 2023 was driven mainly by the Services sector, which recorded a growth of 3.99% and contributed 52.70% to the aggregate GDP. The agriculture sector grew by 1.30%, from the growth of 1.34% recorded in the third quarter of 2022.
