Nigeria’s gross domestic product (GDP) in the first quarter (q1) of 2024 grew by 2.98%, higher than the 2.31% seen in the first quarter of 2023.
On a quarterly basis, GDP growth declined from 3.46% recorded in the fourth quarter (Q4) of 2023 when compared to the current rate of 2.98%.
According to the National Bureau of Statistics (NBS), GDP growth in Q1 was driven by the services sector which grew by 4.32% and contributed 58.04% to the aggregate GDP.
Read more at Nairametrics
On a quarterly basis, GDP growth declined from 3.46% recorded in the fourth quarter (Q4) of 2023 when compared to the current rate of 2.98%.
According to the National Bureau of Statistics (NBS), GDP growth in Q1 was driven by the services sector which grew by 4.32% and contributed 58.04% to the aggregate GDP.
Read more at Nairametrics