Nigeria’s Gross Domestic Product grew by 3.84 per cent in real terms in the fourth quarter of 2024, reflecting an improvement from the 3.46 per cent recorded in the same period of 2023.

This also marked a slight increase from the previous quarter, which recorded an identical 3.46 per cent growth rate.

Latest GDP data released by the National Bureau of Statistics attributes the expansion to stronger performance in the services sector, which recorded a 5.37 per cent growth rate and accounted for 57.38 per cent of the country’s total GDP.

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