The Statistician General of the Federation, Adeyemi Adeniran, says Nigeria’s Gross Domestic Product, GDP, growth rate in real terms (constant price) rose by 3.46 percent in the third quarter (Q3) of 2024 on a year-on-year basis. Adeniran made this known in a statement on Monday, saying the growth is 0.
The Statistician General of the Federation, Adeyemi Adeniran, says Nigeria’s Gross Domestic Product, GDP , growth rate in real terms rose by 3.46 percent in the third quarter of 2024 on a year-on-year basis. Adeniran made this known in a statement on Monday, saying the growth is 0.92 percentage points higher than the rate recorded in Q3 2023 . He added that the growth in the quarter was higher by 0.27 percentage points relative to the 3.19 percent recorded in the second quarter of 2024.
1tr in Q3 2024, indicating a year-on-year nominal growth rate of 17.26 percent compared to the value of NN60.tr recorded in Q3 2023. “Similarly, the quarter under review is higher than the value of N60.9tr recorded in the preceding quarter . “The major contributing economic activities in real terms in the quarter under review are Crop Production 26.51%, Trade 14.78%, Telecommunication 13.94%, Crude petroleum 5.57% and Real Estate 5.43%.
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