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Amid Subsidy Removal, Nigeria’s GDP Growth Slows to 2.51%

Amid Subsidy Removal, Nigeria’s GDP Growth Slows to 2.51% Nigeria’s Gross Domestic Product has slowed to 2.51 per cent (year-on-year) in real terms in the second quarter of 2023. This growth rate is lower than the 3.54 percent recorded in the second quarter of 2022. According...

Nigeria’s GDP Falls To Historic Low, Heads Towards Recession

...Declines to -0.36%  ...Unemployment rate rises to 12.1% Nigeria’s real Gross Domestic Product (GDP) growth rate declined to -0.36 per cent in the first quarter of this year (Q1 2016) compared to 2.11 per cent in Q4 of 2015, the National Bureau of Statistics (NBS) stated...