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Nigeria’s GDP Improves By 3.11% In Q1 2022- NBS

The National Bureau of Statistics NBS, says Nigeria’s real Gross Domestic Product GDP at basic prices grew by 3.11 per cent in quarter one of 2022 on a year-on-year basis.

The NBS said this showed a higher growth rate compared to the corresponding period of 2021.

This is according to the Nigerian Gross Domestic Product Report for 1st quarter and 2nd quarter of 2022 released by the NBS in Abuja.

The report said that growth in 2 quarter 2022 remained positive at 3.54 per cent, though lower compared to the growth rats recorded in 2 quarter of 2021 at 5.01 per cent.

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