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CSEA — Centre for the Study of the Economies of Africa
  • ABOUT
    • CSEA
    • Story of Impact
    • Funding
    • Board of Trustees
    • Resident Staff
    • Non-Resident Staff
    • Our Founder
  • RESEARCH AREAS
    • Global Economic Governance (GEG)
    • Macroeconomics and Public Financial Management (PFM)
    • Poverty Reduction and Inclusive Growth (PRIG)
    • Environment, Natural Resources and Energy (ENRE)
    • Human Capital Development (HCD)
    • Trade and Investment (TI)
  • PUBLICATIONS
    • Working Papers
    • Macroeconomic Report & Economic Updates
    • Policy Brief & Alerts
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    • Nigeria Economic Chart Park
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    • Discussion Papers & Case Study
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    • Strengthening Institutions to Improve Public Expenditure and Accountability (SIIPEA)
    • RISE Nigeria Project
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Dec 13, 2024
MACROECONOMIC REPORT & ECONOMIC UPDATES

Nigeria Economic Update Issue 46

Nigeria Economic Update Issue 46

The National Bureau of Statistics' report showed that in the third quarter of 2024, Gross Domestic Product (GDP) grew by 3.46%, representing a 0.92 percentage point rise from the 2.54% recorded in Q3 2023. The non-oil sector, the largest contributor to GDP, grew by 3.37% in Q3 2024. Growth in the non-oil sector was driven by financial institutions, information and communication technology, agriculture, and trade, among other sectors.

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