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NIGERIA'S GDP GROWTH
The Coordinating Minister of the Economy and Minister of Finance, Mr Wale Edun, has called on top management staff of the Federal Ministry of Finance to take the lead in driving reforms that will push Nigeria’s economic growth to 7% per annum.
Nigeria’s economy grew by 3.84% year-on-year in real terms in the fourth quarter of 2024, marking an improvement from 3.46% recorded in both the same period of 2023 and the preceding quarter.
The Federal Government has forecasted that the Nigerian economy will grow by as much as 4.2% in 2022.
Nigeria’s economy is in a tight corner, as Brent crude’s value has dropped by half since the worst pandemic in recent history started early this year.
financial inclusion is the x-factor needed to transition Nigerian farmers from subsistence to a growth phase.
The latest GDP report for 2019 revealed that the real estate sector posted a negative growth of 2.36% albeit lower than the negative 4.74% reported in 2018.