The Nigerian economy will continue to slump in 2023 due to activities leading to the general elections next year, but would likely pick in 2024, with growth rising to 3.3 per cent, a Fitch Solutions Country Risk & Industry Research report has predicted.
An affiliate of Fitch Ratings, the Fitch Solutions report estimated that economic growth in Nigeria slipped to a six-quarter low of 2.3 per…
Twenty-eight sectors of the economy declined in the second quarter of 2022 as real Gross Domestic Product shrunk by N63.49bn quarter-on-quarter.
While real GDP grew by 3.54 per cent year-on-year in Q2 2022, it declined by 0.37 per cent from the N17.35tn that was recorded in…
The Vice President, Professor Yemi Osinbajo, SAN, said it was unfitting to compare the realities of the Nigerian economy with those of other smaller African states.
He argued that at least 10 Nigerian states “have bigger GDPs than those countries.”
Osinbajo also noted…