Connect with us


Breaking: Nigeria’s GDP growth fails to meet 2022 momentum, grows at 2.51% for Q2, 2023- NBS 




In the second quarter of 2023, Nigeria’s GDP growth rate stood at 2.51%. This represents a decline from the Q2 2022 figure of 3.54%.

When compared to the first and second quarters of 2022, the growth rates for Q1 and Q2 of 2023 experienced a reduction of 0.80% points and 1.03% points, respectively. This is according to the Q2 GDP report from the National Bureau of Statistics (NBS). 

On the positive side, the GDP growth rate for Q2 increased by 0.20% when compared to the 2.31% recorded in the first quarter of 2023.