The National Bureau of Statistics (NBS) has released the Gross Domestic Product (GDP) report for the fourth quarter of 2024, showing a 3.84% year-on-year growth in real terms.
This growth rate surpasses the 3.46% recorded in the same quarter of 2023 and the third quarter of 2024, with the service sector having a major influence growth of 5.37% and contributed 57.38% to the aggregate GDP.
This was disclosed via a post on the NBS X page on Tuesday, 25th of February 2025.
The post reads:
“Nigeria’s Gross Domestic Product (GDP) grew by 3.84% (year-on-year) in real terms in the fourth quarter of 2024. This growth rate is higher than the 3.46% recorded in the fourth quarter of 2023 and the third quarter of 2024 growth rate (approximately 3.46%).
“The performance of the GDP in the fourth quarter of 2024 was driven mainly by the Services sector, which recorded a growth of 5.37% and contributed 57.38% to the aggregate GDP.” [CONTINUE READING HERE]>>>>
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