According to the National Bureau of Statistics (NBS) Nigeria’s annual Gross Domestic Product (GDP) rate increased by 3.84 percent in the fourth quarter (Q4) of 2024.
The growth rate is higher than the 3.46 percent reported in Q3 2024, according to NBS’s GDP report released on Tuesday.
We are happy to see the continued growth momentum, both from a quarterly and annual standpoint, said Mr Wale Edun, Honourable Minister of Finance and Coordinating Minister of the Economy, in response to the news.
BrandSpur business and economy news reports that the success of President Bola Tinubu’s Renewed Hope Agenda and the tenacity of the Nigerian economy are both amply demonstrated by this.
The Minister highlighted that the growth of the services sector and our continuous efforts to improve food security by investing in agriculture are paying off. Initiatives like the direct benefit transfers program are part of ongoing efforts to guarantee that economic growth results in better living conditions for all Nigerians.
