NewStats: 3,264,417 , 8,183,665 topics. Date: Wednesday, 11 June 2025 at 01:05 AM 1023r

Nigeria’s economy grows by 2.51% in Q2
Service sector leads growth by 4.42%

Nigeria’s economy grew at a faster pace in the second quarter of this year, compared to the previous quarter, official data released on Friday show.

Africa’s biggest economy saw its Gross Domestic Product (GDP) grow by 2.51 percent (year-on-year) in real in Q2 2023, from 2.31 percent in Q1 2023 and 3.54 percent in the same period last year, according to the National Bureau of Statistics (NBS).

“This growth rate is lower than the 3.54 percent recorded in the second quarter of 2022 and may be attributed to the challenging economic conditions being experienced,” it said.

It said the performance of the GDP in the second quarter of 2023 was driven mainly by the Services sector, which recorded a growth of 4.42 percent and contributed 58.42 percent to the aggregate GDP.

The agriculture sector grew by 1.50 percent, an improvement from the growth of 1.20 percent recorded in the second quarter of 2022. The growth of the industry sector was -1.94 percent relative to -2.30% recorded in the second quarter of 2022.

In of share to the GDP, agriculture, and the industry sectors contributed less to the aggregate GDP in the second quarter of 2023 compared to the second quarter of 2022.

https://businessday.ng/business-economy/article/nigerias-economic-growth-expands-marginally-in-q2-to-2-51/#google_vignette

Nigeria on the forward march. Do your part today.

Others are making phenomenal progress legitimately here in Nigeria and so you can too if you quit your negative mind, entitlement mentality and laziness today.

One more thing, change your crowd of unpatriotic naysayers and losers who don't take responsibility for their personal failures and mistakes. Check my signature for free stuffs!

Q2
And they are proud 🦚

Practically what is obtainable on the streets?


Imagine they said unemployment rate was about 4%

I thought lies and propaganda ended with Lai Mohammed

Yoruba led economy is always on papers.. reality we all are feeling the heat.

God help Nigerians

Oluwole statistician is just churning out all manner of data.

Another propaganda!!

They will soon start wailing again.

Nigeria is bad, Nigeria is bad and they are the ones spoiling it, giving us bad names home and abroad.

This Nigeria will surely be great

Only thing growing under Ebola is hardship.

Lagos fact statistics have come full force

Story Story

You can't use propaganda to run an economy

Publish in Our Journal for Free


www.Evonexpublishers.com

Thanks to corn n cassava harvest. Check same indices for 2022 and see how this is recurring pattern.

Good news

Some people's weekend has already been scattered as this good news would make them to shit their intestines..

Dema children of eight and perdition

There's no correlation between these figures and the situation on ground.

These recent stats from the NBS are far from reality and does not seem to represent the true picture of this very unpresidented times of economic harship on the populace

naijaboy756:
Practically what is obtainable on the streets?


Imagine they said unemployment rate was about 4%

I thought lies and propaganda ended with Lai Mohammed

YouandiAllofus:
There's no correlation between these figures and the situation on ground. These recent stats from the NBS are far from reality and does not seem to represent the true picture of this very unpresidented times of economic harship on the populace

EwuuGambia:
Oluwole statistician is just churning out all manner of data.

Why not present your own verifiable data without hitting your head on the wall

naijaboy756:
Practically what is obtainable on the streets?


Imagine they said unemployment rate was about 4%

I thought lies and propaganda ended with Lai Mohammed

I even had to go through that post over and over again looking for the missing 4 to compliment the 44.1% unemployment rate which should reflect the reality on ground.

Just how can buhari era with subsidy be about 33% high and tinubu era without subsidy be as low as 4%? When we have seen job loses and shut down of businesses occassioned by increase in petrol prices driving up the cost of production leaving more industries on a shaky table and verge of collapse.

These stats are unsubstantiated

These animals have decided to invest in full time propaganda on realising that the animal named thîefnubu doesn't have anything to offer.

Which economy is growing by 2.51% in second quarter while hunger is romancing more than half the population?

How do you Neanderthals promote falsehood effortlessly even though a different story is on ground?

Any country where a vast majority of its citizens are queueing up to beg for food can't be said to be growing by any stretch of the imagination.

Thîefnubu dogs are completely insane and useless to humanity.

It's goodnews that the Non-oil sectors - Service & Agriculture sectors have been growing steadily in recent years

We need further growth in these sectors!

helinues:






Why not present your own verifiable data without hitting your head on the wall

Even for you your immediate family una unemployment rate 4%

Mumu

FreeStuffsNG:
Nigeria on the forward march. Do your part today.

Others are making phenomenal progress legitimately here in Nigeria and so you can too if you quit your negative mind, entitlement mentality and laziness today.

One more thing, change your crowd of unpatriotic naysayers and losers who don't take responsibility for their personal failures and mistakes.

Ebola people don carry propaganda that turned their region to brown roof junkyard enter national level

When we see an opportunity, the first point of action is to grab it!!! But many a times, the opportunities abound to us are usually misplaced or misused. The fundamental challenges faced by rural agro producers is Market reachability and transporting their various agricultural produce to the rest of the supply chain including the retailers, wholesalers and subsequently the end s or final consumers as the case may be. Due to the impending issues and problems faced, hence the need for technology innovation in the agricultural value chain and cloud space. Tinkoko leverages on cutting edge technology to harness the problems faced by rural farmers across Nigeria and the world at large! Tinkoko online trading Channel enables farmers and agro producers on the grass-root level to connect organically with buyers around the world. This way, food wastage and inflated prices of agricultural products will be eliminated thereby creating wealth and sustainable means for a continuous farming practices Nation-wide.


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Nigeria’s economy grew at a faster pace in the second quarter of this year, compared to the previous quarter, official data released on Friday show.

Africa’s biggest economy saw its Gross Domestic Product (GDP) grow by 2.51 percent (year-on-year) in real in Q2 2023, from 2.31 percent in Q1 2023 and 3.54 percent in the same period last year, according to the National Bureau of Statistics (NBS).

“This growth rate is lower than the 3.54 percent recorded in the second quarter of 2022 and may be attributed to the challenging economic conditions being experienced,” it said.

It said the performance of the GDP in the second quarter of 2023 was driven mainly by the Services sector, which recorded a growth of 4.42 percent and contributed 58.42 percent to the aggregate GDP.

The agriculture sector grew by 1.50 percent, an improvement from the growth of 1.20 percent recorded in the second quarter of 2022. The growth of the industry sector was -1.94 percent relative to -2.30% recorded in the second quarter of 2022.

In of share to the GDP, agriculture, and the industry sectors contributed less to the aggregate GDP in the second quarter of 2023 compared to the second quarter of 2022.

https://businessday.ng/business-economy/article/nigerias-economic-growth-expands-marginally-in-q2-to-2-51/#google_vignette
Mynd44 nlfpmod
[/quote]

YouandiAllofus:
I even had to go through that post over and over again looking for the missing 4 to compliment the 44.1% unemployment rate which should reflect the reality on ground. Just how can buhari era with subsidy be about 33% high and tinubu era without subsidy be as low as 4%? When we have seen job loses and shut down of businesses occassioned by increase in petrol prices driving up the cost of production leaving more industries on a shaky table and verge of collapse. These stats are unsubstantiated

.


I want to assume, that the increase in

employment is due to the fact that, APC

employed more 30k per month

nairaland Ebola defenders.

Defending Ebola is harder than

defending Buhari. So the need for increased man power.

Even that werey DJ , of recent have

stopped dedicating Great Jams.

Which economy? Calculate based on IGR or GDP? Imagine a neck-constricting economy with an abysmal value of the naira to the dollar, double-digits galloping inflation, unabated unemployment, widespread deteriorating insecurity making foreign firm to be folding and leaving this contraption in droves This ronu propagandists self are always on the beat.

They so called first class of ancy that is avoiding probity and ability of his alleged academic degree and who told us "nah statistics we go chop"? have definitely unleashed his foot soldiers of lies and propaganda.

Just like the laughable NBS assertion on 4% drop in unemployment, this is just another heroine-drug induced balabloo-blu-bulava economics on paper.

FreeStuffsNG:
Nigeria’s economy grows by 2.51% in Q2
Service sector leads growth by 4.42%
By Bunmi Bailey
Aug 25, 2023

Nigeria’s economy grew at a faster pace in the second quarter of this year, compared to the previous quarter, official data released on Friday show.

Africa’s biggest economy saw its Gross Domestic Product (GDP) grow by 2.51 percent (year-on-year) in real in Q2 2023, from 2.31 percent in Q1 2023 and 3.54 percent in the same period last year, according to the National Bureau of Statistics (NBS).

“This growth rate is lower than the 3.54 percent recorded in the second quarter of 2022 and may be attributed to the challenging economic conditions being experienced,” it said.

It said the performance of the GDP in the second quarter of 2023 was driven mainly by the Services sector, which recorded a growth of 4.42 percent and contributed 58.42 percent to the aggregate GDP.

The agriculture sector grew by 1.50 percent, an improvement from the growth of 1.20 percent recorded in the second quarter of 2022. The growth of the industry sector was -1.94 percent relative to -2.30% recorded in the second quarter of 2022.

In of share to the GDP, agriculture, and the industry sectors contributed less to the aggregate GDP in the second quarter of 2023 compared to the second quarter of 2022.

https://businessday.ng/business-economy/article/nigerias-economic-growth-expands-marginally-in-q2-to-2-51/#google_vignette
Mynd44 nlfpmod

.

FreeStuffsNG:
Nigeria’s economy grows by 2.51% in Q2
Service sector leads growth by 4.42%
By Bunmi Bailey
Aug 25, 2023

Nigeria’s economy grew at a faster pace in the second quarter of this year, compared to the previous quarter, official data released on Friday show.

Africa’s biggest economy saw its Gross Domestic Product (GDP) grow by 2.51 percent (year-on-year) in real in Q2 2023, from 2.31 percent in Q1 2023 and 3.54 percent in the same period last year, according to the National Bureau of Statistics (NBS).

“This growth rate is lower than the 3.54 percent recorded in the second quarter of 2022 and may be attributed to the challenging economic conditions being experienced,” it said.

It said the performance of the GDP in the second quarter of 2023 was driven mainly by the Services sector, which recorded a growth of 4.42 percent and contributed 58.42 percent to the aggregate GDP.

The agriculture sector grew by 1.50 percent, an improvement from the growth of 1.20 percent recorded in the second quarter of 2022. The growth of the industry sector was -1.94 percent relative to -2.30% recorded in the second quarter of 2022.

In of share to the GDP, agriculture, and the industry sectors contributed less to the aggregate GDP in the second quarter of 2023 compared to the second quarter of 2022.

https://businessday.ng/business-economy/article/nigerias-economic-growth-expands-marginally-in-q2-to-2-51/#google_vignette
Mynd44 nlfpmod

seems like your job is to look for yeye news that does not tally with the realities on ground. E be like say You don mental o.
If there is hell fire after life, you’ll burn in the hottest part for this sort of wickedness, except you are doing this under some influence.
Ah! God can never forgive your sins against humanity.

cucumbar:
seems like your job is to look for yeye news that does not tally with the realities on ground. E be like say You don mental o.
If there is hell fire after life, you’ll burn in the hottest part for this sort of wickedness, except you are doing this under some influence.
Ah! God can never forgive your sins against humanity.

Mynd44 nlfpmod

cucumbar:
seems like your job is to look for yeye news that does not tally with the realities on ground. You don mental o.

Mynd44 nlfpmod

Economy is growing but we are not feeling it.

gssdobi:
.


I want to assume, that the increase in

employment is due to the fact that, APC

employed more 30k per month

nairaland Ebola defenders.

Defending Ebola is harder than

defending Buhari. So the need for increased man power.

Even that werey DJ , of recent have

stopped dedicating Great Jams.

Even the unemployed aapc and ebola's electronic rats headed by that online miscrant above on comment no.11 on this forum alone are more than 1mil.

FreeStuffsNG:
Mynd44 nlfpmod

Mynd44, na dawg name? jux askin sha

I don't understand service sector like Hookups, Olosho sector.
They just let u know that most ppl are now doing servicing job

the government of the day are trying everything possible to prove that they are improving the economy with fake statistics.


first it was unemployment rate... from 33% to 4%. like now Nigeria now has an unemployment rate far lesser than UK, Portugal, . all this happened just within 6 months.