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Nigeria’s GDP growth rises to 3.19% in Q2

Nigeria’s economy grew 3.19% year on year in the second quarter of 2024, statistics agency data showed on Monday.

Africa’s largest economy saw its Gross Domestic Product (GDP) grow by 3.19% year-on-year in real terms in the second quarter of 2024. This is an increase from 2.98% in Q1 2024 and 2.51% in the same period last year, according to the National Bureau of Statistics (NBS).

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The report indicates that both the industry and services sectors made a larger contribution to the GDP in Q2 2024 than in the corresponding quarter of 2023.

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