Five largest sectors in the Nigerian economy as of Q1 2024

The Nigerian Gross Domestic Product (GDP) grew by 2.98% year-on-year in the first quarter (Q1) of 2024. This shows an increase of 0.67 percentage points from the 2.31% growth rate recorded in Q1 2023.

During the quarter, the services sector contributed 58.04% to the country’s GDP, as it grew by 4.32% during the quarter.

Also, the top five contributing activities turned out to be crop production, trade, telecommunications, crude petroleum and natural gas, and financial services. They contributed 62.25% to the country’s GDP.

Read more at Nairametrics

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