Nigeria’s GDP rose by 3.46% in third quarter of 2024 – NBS

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 0.92 percentage points higher than the rate recorded in Q3 2023 (2.54%).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 (Q2) of 2024.“This reflects a higher growth rate when compared to the corresponding quarter (Q3 2023) and the preceding quarter (Q2 2024).“The major driver of the economy is the Services sector…
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