Nigeria’s Economy Gains Momentum as GDP Growth Hits 3.84% in Q4 2024
February 25, 2025
Nigeria’s economy showed strong signs of expansion in the final quarter of 2024, with the country’s annual Gross Domestic Product (GDP) growth rate climbing to 3.84%, according to the latest report from the National Bureau of Statistics (NBS).
The figures, released on Tuesday, indicate a notable improvement from the 3.46% growth recorded in the third quarter of 2024. The report also highlights that the Q4 2024 growth rate surpassed the 3.46% recorded during the same period in 2023, signalling sustained economic resilience.
While the NBS report did not provide a detailed breakdown of the sectors driving the growth, analysts suggest that key industries such as agriculture, technology, and services may have contributed to the positive trend.
