Financial Service Sectors’ Contribution to GDP Up 26.5% to N3.8tn

Nigeria’s financial service sector’s contribution to Nigeria’s Gross Domestic Product (GDP) increased to $2.4 billion in 2023, representing 26.5 per cent Year-on-Year (YoY) from $1.9 billion reported 2022, THISDAY analysis of the latest data released by the National Bureau of Statistics (NBS) has revealed.

A breakdown of the NBS numbers showed that financial institutions contributed 91.99 per cent of the overall $2.4 billion.

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