Business News

Nigerian Economy Grows 2.98% in Q1 2024 

Covid nigerian economy1

By Adedapo Adesanya The Nigerian economy grew beyond expectations in the first quarter of 2024 as the country saw its Gross Domestic Product (GDP) improve by 2.98 per cent (year-on-year) in real terms, according to the National Bureau of Statistics. The data released on Friday showed that Nigeria’s growth rate was higher than the 2.31 per cent recorded in the first quarter of 2023 and lower than the fourth quarter of 2023 growth of 3.46 per cent. “The performance of the GDP in the first quarter of 2024 was driven mainly by the Services sector, which recorded a growth of