
NIGERIA’S GROSS DOMESTIC PRODUCT (GDP) HITS 3.4% IN 2021-THE HIGHEST SINCE 2014
In the Fourth Quarter of 2021, Nigeria’s Gross Domestic Product rose by 3.4%. This marks the largest growth above 3% in the nation’s economy since 2015.
This was published in the 2021 Nigerian Gross Domestic Product report by the Nigerian Bureau of Statistics.
In 2014, barely one year before President Muhammadu Buhari assumed office, Nigeria’s economy grew by 6.3%.
The National Bureau of Statistics (NBS) stated this in its fourth-quarter GDP report which was released on Thursday.
According to the NBS report, Nigeria’s GDP also showed a strong recovery of 3.98 percent in the fourth quarter of 2021—but lower than the 4.03 percent in the third quarter.
“Nigeria Gross Domestic Product (GDP) grew by 3.98% (year-on-year) in real terms in the fourth quarter of 2021, showing a sus...