Wednesday, July 30, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Nigeria Marks its Strongest GDP Growth in Three Years

Simon Osuji by Simon Osuji
February 27, 2025
in Business
0
Nigeria Marks its Strongest GDP Growth in Three Years
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

In the fourth quarter of 2024, Nigeria’s GDP surged by 3.84% year-on-year, marking its strongest growth in three years. This rebound was largely driven by a 5.37% expansion in the services sector, pushing full-year growth to 3.40%, up from 2.74% in 2023. Although this impressive performance falls short of President Tinubu’s ambitious 6% target, it highlights notable improvements across several key sectors. For instance, the country’s agricultural sector expanded by 1.76% year-on-year while its industrial output grew by 2.00%. With plans to rebase GDP figures to capture growth in areas like the marine economy, tourism, IT, and e-commerce, Nigeria is positioning itself for further progress. Meanwhile, the IMF forecasts that the West African nation’s GDP will expand by 3.2% in 2025.

Source: africanews

Source link

Related posts

Tullow Oil Exits Gabon with Assets Sale to Gabon Oil Company

Tullow Oil Exits Gabon with Assets Sale to Gabon Oil Company

July 30, 2025
Demand for Gold Coins & Bars Surge 24%, Jewelry Sales Dip 3.5% in 2025

Demand for Gold Coins & Bars Surge 24%, Jewelry Sales Dip 3.5% in 2025

July 30, 2025
Previous Post

Trump (TRUMP) & Melania (MELANIA) Coin Prediction For March 2025

Next Post

3 Coins You Could Buy At Discounted Rates

Next Post
3 Coins You Could Buy At Discounted Rates

3 Coins You Could Buy At Discounted Rates

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Tweaked Sarb model gives better forecasts

Tweaked Sarb model gives better forecasts

2 years ago
How Elon Musk’s New Grok AI Stacks Up Against Competitors

How Elon Musk’s New Grok AI Stacks Up Against Competitors

1 year ago
US Army, Ameresco Inaugurate Renewable Energy System at Fort Detrick

US Army, Ameresco Inaugurate Renewable Energy System at Fort Detrick

1 year ago
Bankman-Fried Indicted For Donating $100M in Customer Funds

Bankman-Fried Indicted For Donating $100M in Customer Funds

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.