November 25, 2024

How Nigeria’s GDP Grew By 3.46% In Q3 2024 — NBS

The New Diplomat

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By Kolawole Ojebisi

The National Bureau of Statistics (NBS) has said that the Nigeria’s annual gross domestic product grew by 3.46% in the third and final quarter (Q3) of 2024.

According to the NBS report published on Monday, the growth rate is higher than the 3.19% record in Q2 of 2024.

When the GDP of Q2 and Q3 are compared, it shows a progressive increase and positive outlook for the economy.

The growth rate of the GDP is often used as an indicator of the general health of the economy and the information from the NBS shows that the economy may well be on the path to getting out of the woods.

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