Abuja, Feb. 22, 2024 – Nigeria’s Gross Domestic Product (GDP) grew by 2.74% in 2023, a slight drop from the 3.10% growth recorded in 2022.
According to the National Bureau of Statistics (NBS), the figure was the slowest growth rate since 2020 when the economy recovered from recession.
The services sector was the major driver of the economy in 2023 growing by 3.98%, but contributed 56.55% to the total GDP.
Agriculture sector, which used to be the mainstay of the economy, grew from 2.05% in the fourth quarter of 2022 to 2.10% in the same quarter of 2023. (GBN)
