Nigeria’s GDP falls to 2.31% in Q1, NBS blames CBN for economy’s underperformance

The National Bureau of Statistics (NBS) disclosed on Wednesday that Nigeria’s Gross Domestic Product (GDP) growth declined to 2.31 per cent in the first quarter (Q1) of 2023.

Ripples Nigeria learnt that the 2.31 per cent GDP growth fell below the 3.52 per cent reported in the fourth quarter (Q4) of 2022.

Also, Nigeria’s GDP growth rate in the first quarter this year falls short of the 3.11 per cent recorded in the corresponding period of Q1 last year.

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