Monday, June 2, 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
2
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

Western Sahara conflict builds up as Morocco gains support from the UK

Western Sahara conflict builds up as Morocco gains support from the UK

June 2, 2025
South Africa’s push to amend BEE laws for Musk’s Starlink triggers public backlash

South Africa’s push to amend BEE laws for Musk’s Starlink triggers public backlash

June 1, 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Your email address will not be published.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

40 Countries Ready To Join BRICS in 2024

40 Countries Ready To Join BRICS in 2024

1 year ago
Google partners with RapidSOS to enable 911 contact through RCS

Google partners with RapidSOS to enable 911 contact through RCS

12 months ago
Italian art critic Eugenio Viola to curate 2025 Bienal de Arte Paiz

Italian art critic Eugenio Viola to curate 2025 Bienal de Arte Paiz

10 months ago
Aberdeen’s Glacier Energy snaps up another North East England firm

Aberdeen’s Glacier Energy snaps up another North East England firm

7 months 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
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 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.