Nigeria Economic Update (Issue 37)

Data on rail transportation showed that a total of 565,385 passengers travelled via the rail system in Q2 2021. This figure, when compared to 108,238 passengers recorded in Q2 2020 and 424,460 in Q1 2021, represents 422 percent year-on-year and 33 percent quarter-on-quarter growth respectively.1 A total volume of 42,782 tons of goods/cargo also travelled […]


Nigeria Economic Update (Issue 35)

In the second quarter of 2021, the country‚Äôs Gross Domestic Product (GDP) grew by 5.01 percent (year-on-year) in real terms, marking three consecutive quarters of growth after the negative growth rates recorded in the second and third quarters of 2020.1 The rise in real GDP saw the oil sector contributing 7.42 percent while 92.58 percent […]