Nigeria's Q2 GDP grew 3.19% YoY, with the Services sector driving growth at 3.79%.

Nigeria's Q2 GDP grew 3.19% YoY, surpassing Q2 2023's 2.51% and Q1 2024's 2.98%. The Services sector (58.76% of GDP) led the growth with 3.79%, followed by Agriculture at 1.41% and Industry at 3.53%. The oil sector, contributing 5.70% of GDP, saw a 10.15% YoY real growth, and the non-oil sector grew 2.80% in real terms, driven by Financial & Insurance, ICT, Agriculture, Trade & Manufacturing.

August 26, 2024
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