Nigeria’s economy grew between July and September compared to the previous three months and compared to the same period last year, official data has shown.
The economy grew by 2.54 per cent year on year in real terms in the third quarter of 2023, the National Bureau of Statistics has said.
The statistics bureau said this in its “Nigerian Gross Domestic Product (GDP) Report Q3 2023” released on Friday.
The NBS said this growth rate is higher than the 2.25 per cent recorded in the third quarter of 2022 and higher than the second quarter of 2023 growth of 2.51 per cent.
According to the report, the performance of the GDP in the third quarter of 2023 was driven mainly by the services sector, which recorded a growth of 3.99 per cent and contributed 52.70 per cent to the aggregate GDP.
It said the agriculture sector grew by 1.30 per cent, from the growth of 1.34 per cent recorded in the third quarter of 2022.
The NBS noted that the growth of the industry sector was…