Tag: Gross Domestic Product

FG Targets 21% GDP Boost with e-Governance Bill   The Federal Government has said that Nigeria’s Gross Domestic Product could receive a major boost from the digital economy, with contributions projected to rise to 21 per cent by 2030, if the proposed National Digital and E-Governance...

President Bola Tinubu on Monday said Nigeria is on track to becoming a $1trn economy by 2030.

Nigeria’s manufacturing sector experienced a staggering decline in growth, as its year-on-year (YoY) nominal GDP

Telecom Sector Contributes N2.5trn to GDP In Q1, 2023   The Telecommunications and Information Services sector in Nigeria contributed N2.508 trillion, representing 14.13 per cent, to the nation’s gross domestic product, GDP, in the first quarter of 2023 (Q1’23). The National Bureau of Statistics (NBS) report showed...

Insurance Sector Shrinks By 7% Over Cash Crunch – NBS   The insurance sector’s growth fell by 7.25 per cent in the first quarter of 2023, the latest figures obtained from the National Bureau of Statistics (NBS) have revealed. The NBS disclosed in its ‘Nigeria Gross Domestic...

IMF Says Nigeria, Others May Lose $10bn To Political Tensions   The International Monetary Fund (IMF) has said Nigeria could lose an estimated $10bn of foreign direct investment and official development assistance inflows to geo-political tensions. The IMF in its country focus on Sub-Saharan Africa, released on...