President Bola Tinubu has expressed satisfaction with Nigeria’s third-quarter GDP growth rate of 3.46%, which indicates the country is on track to becoming a $1tn economy by 2030.
The growth rate surpasses the 3.19% recorded in the second quarter and demonstrates the effectiveness of the administration’s economic reforms.
The National Bureau of Statistics reported that the top contributing sectors to GDP in Q3 2024 are Agriculture (28.65%), ICT (16.35%), Trade (14.78%), Manufacturing (8.21%), Crude Oil (5.57%), Finance & Insurance (5.51%), and Real Estate (5.43%). These sectors have been instrumental in driving economic growth and are expected to continue playing a vital role in achieving the $1tn economy target.
