GDP – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Tue, 26 May 2026 11:30:22 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png GDP – InfoStride News https://www.theinfostride.com 32 32 Finance and Insurance Sector Records 16.13% GDP Growth in Latest Data https://www.theinfostride.com/finance-and-insurance-sector-records-16-13-gdp-growth-in-latest-data/ https://www.theinfostride.com/finance-and-insurance-sector-records-16-13-gdp-growth-in-latest-data/#respond Tue, 26 May 2026 11:30:07 +0000 https://www.theinfostride.com/?p=467169 Nigeria’s finance and insurance sector has continued to show resilience, emerging as one of the strongest contributors to the country’s economic performance, with the latest figures revealing a 16.13% year-on-year growth. The data, released in the latest Gross Domestic Product (GDP) report by the National Bureau of Statistics (NBS), underscores the sector’s rising influence in [...]

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]]> https://www.theinfostride.com/finance-and-insurance-sector-records-16-13-gdp-growth-in-latest-data/feed/ 0 Nigeria’s Economy Expands by 4.23% in Q2 2025, Says NBS https://www.theinfostride.com/nigerias-economy-expands-by-4-23-in-q2-2025-says-nbs/ https://www.theinfostride.com/nigerias-economy-expands-by-4-23-in-q2-2025-says-nbs/#respond Tue, 26 May 2026 11:10:08 +0000 https://www.theinfostride.com/?p=467025 Nigeria’s economy recorded a growth rate of 4.23 percent in the second quarter of 2025, according to the National Bureau of Statistics (NBS). The latest data reflect a continuation of the country’s economic rebound, with both oil and non-oil sectors contributing significantly to the expansion. The report has been welcomed by policymakers and private sector [...]

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]]> https://www.theinfostride.com/nigerias-economy-expands-by-4-23-in-q2-2025-says-nbs/feed/ 0 Afrinvest Warns Rising Inflation, Structural Challenges Threaten Nigeria’s $1 Trillion GDP Ambition https://www.theinfostride.com/afrinvest-warns-rising-inflation-structural-challenges-threaten-nigerias-1-trillion-gdp-ambition/ https://www.theinfostride.com/afrinvest-warns-rising-inflation-structural-challenges-threaten-nigerias-1-trillion-gdp-ambition/#respond Thu, 25 Dec 2025 08:48:30 +0000 https://www.theinfostride.com/?p=465393 Afrinvest (West Africa) Limited has cautioned that Nigeria’s aspiration of growing its economy to a $1 trillion Gross Domestic Product (GDP) by 2030 could be derailed by persistent inflationary pressures, fiscal imbalances, and structural weaknesses that continue to undermine macroeconomic stability. The investment and research firm made this known in its latest economic outlook report, [...]

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]]> https://www.theinfostride.com/afrinvest-warns-rising-inflation-structural-challenges-threaten-nigerias-1-trillion-gdp-ambition/feed/ 0 Experts Raise Productivity Concerns Despite Nigeria’s ₦372.8 Trillion Rebasing https://www.theinfostride.com/experts-raise-productivity-concerns-despite-nigerias-%e2%82%a6372-8-trillion-rebasing/ https://www.theinfostride.com/experts-raise-productivity-concerns-despite-nigerias-%e2%82%a6372-8-trillion-rebasing/#respond Wed, 24 Dec 2025 11:29:22 +0000 https://www.theinfostride.com/?p=463344 Nigeria’s rebasing of its Gross Domestic Product (GDP) to ₦372.8 trillion has been hailed as a landmark achievement in economic statistics, positioning the country as Africa’s largest economy. But despite the recalculated economic size, experts are flagging serious concerns over underlying productivity levels, warning that headline growth may mask structural inefficiencies threatening long-term development and [...]

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]]> https://www.theinfostride.com/experts-raise-productivity-concerns-despite-nigerias-%e2%82%a6372-8-trillion-rebasing/feed/ 0 Trade Slows as Consumer Demand Weakens https://www.theinfostride.com/trade-slows-as-consumer-demand-weakens/ https://www.theinfostride.com/trade-slows-as-consumer-demand-weakens/#respond Wed, 24 Dec 2025 09:07:25 +0000 https://www.theinfostride.com/?p=463063 Trade volumes across key sectors of the Nigerian economy have begun to taper, driven by a marked slowdown in consumer spending and growing economic headwinds. Data from markets and industry players indicate that retailers, importers, and manufacturers are all feeling the impact of decreasing demand from households facing rising living costs. Several retail outlets report [...]

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]]> https://www.theinfostride.com/trade-slows-as-consumer-demand-weakens/feed/ 0 Nigeria’s GDP grows 3.98% as services and agriculture drive expansion https://www.theinfostride.com/nigerias-gdp-grows-3-98-as-services-and-agriculture-drive-expansion/ https://www.theinfostride.com/nigerias-gdp-grows-3-98-as-services-and-agriculture-drive-expansion/#respond Mon, 01 Dec 2025 17:13:33 +0000 https://www.theinfostride.com/?p=472688 Nigeria’s economy recorded a solid improvement as the nation’s Gross Domestic Product (GDP) expanded by 3.98 percent, driven largely by stronger performances in the services and agriculture sectors. The latest figures reflect a rebound in key non-oil industries and a gradual stabilisation of economic activities following months of policy adjustments, foreign exchange reforms, and shifting [...]

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]]> https://www.theinfostride.com/nigerias-gdp-grows-3-98-as-services-and-agriculture-drive-expansion/feed/ 0 ACCI Says Livestock Sector Overhaul Will Strengthen Nigeria’s GDP https://www.theinfostride.com/acci-says-livestock-sector-overhaul-will-strengthen-nigerias-gdp/ https://www.theinfostride.com/acci-says-livestock-sector-overhaul-will-strengthen-nigerias-gdp/#respond Mon, 11 Aug 2025 17:18:20 +0000 https://www.theinfostride.com/?p=464691 The Abuja Chamber of Commerce and Industry (ACCI) has expressed confidence that the Federal Government’s new livestock reforms will significantly enhance Nigeria’s Gross Domestic Product (GDP) by unlocking the full potential of the sector. The Chamber noted that the reforms, aimed at modernising livestock production, improving market access, and addressing security challenges in pastoral communities, [...]

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]]> https://www.theinfostride.com/acci-says-livestock-sector-overhaul-will-strengthen-nigerias-gdp/feed/ 0 FG Cautions Against Delays in Future GDP Reports https://www.theinfostride.com/fg-cautions-against-delays-in-future-gdp-reports/ https://www.theinfostride.com/fg-cautions-against-delays-in-future-gdp-reports/#respond Sat, 09 Aug 2025 19:12:09 +0000 https://www.theinfostride.com/?p=464536 The Federal Government has issued a stern warning to relevant agencies responsible for the country’s economic data collation and dissemination, stressing the need to ensure that future Gross Domestic Product (GDP) reports are released promptly. This directive follows concerns raised over the negative impact of delays in the publication of such critical economic indicators on [...]

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]]> https://www.theinfostride.com/fg-cautions-against-delays-in-future-gdp-reports/feed/ 0 CPPE Forecasts Nigeria’s GDP to Reach $450 Billion by End of 2025 https://www.theinfostride.com/cppe-forecasts-nigerias-gdp-to-reach-450-billion-by-end-of-2025/ https://www.theinfostride.com/cppe-forecasts-nigerias-gdp-to-reach-450-billion-by-end-of-2025/#respond Mon, 04 Aug 2025 10:15:51 +0000 https://www.theinfostride.com/?p=463925 The Centre for the Promotion of Private Enterprise (CPPE) has projected that Nigeria’s Gross Domestic Product (GDP) could climb to approximately $450 billion by the end of 2025, a significant economic milestone for Africa’s largest economy. The forecast, announced by CPPE’s Director, Dr. Muda Yusuf, follows the recent rebasing of the nation’s GDP and signals [...]

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]]> https://www.theinfostride.com/cppe-forecasts-nigerias-gdp-to-reach-450-billion-by-end-of-2025/feed/ 0 Nigeria Suffers Economic Downturn as GDP Per Capita Falls 72% – IMF https://www.theinfostride.com/nigeria-suffers-economic-downturn-as-gdp-per-capita-falls-72-imf/ https://www.theinfostride.com/nigeria-suffers-economic-downturn-as-gdp-per-capita-falls-72-imf/#respond Wed, 23 Jul 2025 22:00:41 +0000 https://www.theinfostride.com/?p=403228 Nigeria is facing a severe economic downturn as its GDP per capita has declined by 72%, according to the International Monetary Fund (IMF). The report highlights worsening economic conditions driven by inflation, currency depreciation, and slow economic growth, which have significantly reduced the purchasing power of citizens. The IMF attributes the decline to structural weaknesses, [...]

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]]> https://www.theinfostride.com/nigeria-suffers-economic-downturn-as-gdp-per-capita-falls-72-imf/feed/ 0 Nigeria’s Debt Ratio Declines to 39.4% After Economic Recalculation https://www.theinfostride.com/nigerias-debt-ratio-declines-to-39-4-after-economic-recalculation/ https://www.theinfostride.com/nigerias-debt-ratio-declines-to-39-4-after-economic-recalculation/#respond Wed, 23 Jul 2025 15:42:25 +0000 https://www.theinfostride.com/?p=462788 Nigeria’s public debt-to-GDP ratio has dropped to 39.4% following the recent rebasing of the nation’s Gross Domestic Product (GDP), according to official data from the Debt Management Office (DMO). The revision, which expanded the size of the economy on paper, helped reduce the appearance of the country’s debt burden, even though the total value of [...]

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]]> https://www.theinfostride.com/nigerias-debt-ratio-declines-to-39-4-after-economic-recalculation/feed/ 0 Federal Government aims to boost GDP by ₦23 trillion through enhanced value‑added production https://www.theinfostride.com/federal-government-aims-to-boost-gdp-by-%e2%82%a623-trillion-through-enhanced-value%e2%80%91added-production/ https://www.theinfostride.com/federal-government-aims-to-boost-gdp-by-%e2%82%a623-trillion-through-enhanced-value%e2%80%91added-production/#respond Fri, 18 Jul 2025 13:27:52 +0000 https://www.theinfostride.com/?p=462308 The Federal Government has set forth a bold economic directive to raise Nigeria’s Gross Domestic Product by ₦23 trillion—or approximately 12 percent—within the span of one year. Central to this initiative is a renewed push for value addition, a strategic shift intended to transform Nigeria from a country primarily exporting raw materials into one that produces, [...]

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]]> https://www.theinfostride.com/federal-government-aims-to-boost-gdp-by-%e2%82%a623-trillion-through-enhanced-value%e2%80%91added-production/feed/ 0 Nigeria eyes fiscal clarity, investor appeal in GDP rebase https://www.theinfostride.com/nigeria-eyes-fiscal-clarity-investor-appeal-in-gdp-rebase/ https://www.theinfostride.com/nigeria-eyes-fiscal-clarity-investor-appeal-in-gdp-rebase/#respond Fri, 11 Jul 2025 15:47:07 +0000 https://www.theinfostride.com/?p=461689   Nigeria is set to embark on another round of Gross Domestic Product (GDP) rebasing, a move government officials say is critical for providing clearer fiscal data and restoring investor confidence in an economy grappling with weak growth, high inflation, and mounting debt. According to the National Bureau of Statistics (NBS), the exercise will update [...]

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]]> https://www.theinfostride.com/nigeria-eyes-fiscal-clarity-investor-appeal-in-gdp-rebase/feed/ 0 Secure Skies Will Boost Tourism, GDP – Keyamo https://www.theinfostride.com/secure-skies-will-boost-tourism-gdp-keyamo/ https://www.theinfostride.com/secure-skies-will-boost-tourism-gdp-keyamo/#respond Thu, 05 Jun 2025 00:14:28 +0000 https://www.theinfostride.com/?p=447835 Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has restated the federal government’s commitment to securing the country’s airspace, emphasizing that improved aviation safety and security are key to boosting tourism and expanding the national economy. Speaking during a ministerial meeting in Abuja, Keyamo explained that safer skies would encourage greater international and domestic [...]

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]]> https://www.theinfostride.com/secure-skies-will-boost-tourism-gdp-keyamo/feed/ 0 Nigeria’s Economic Performance Under Review Amid Ongoing Challenges https://www.theinfostride.com/nigerias-economic-performance-under-review-amid-ongoing-challenges-2/ https://www.theinfostride.com/nigerias-economic-performance-under-review-amid-ongoing-challenges-2/#respond Wed, 04 Jun 2025 23:57:03 +0000 https://www.theinfostride.com/?p=447786 A recent economic report has offered a mixed assessment of Nigeria’s current economic performance, highlighting both signs of recovery and persistent structural challenges. The report, compiled by a team of local economists and analysts, examines the country’s fiscal health, inflation trends, and GDP growth over the past year. According to the report, Nigeria’s Gross Domestic [...]

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]]> https://www.theinfostride.com/nigerias-economic-performance-under-review-amid-ongoing-challenges-2/feed/ 0 World Bank Forecasts 3.5% GDP Growth for Nigeria in 2025 https://www.theinfostride.com/world-bank-forecasts-3-5-gdp-growth-for-nigeria-in-2025/ https://www.theinfostride.com/world-bank-forecasts-3-5-gdp-growth-for-nigeria-in-2025/#respond Fri, 17 Jan 2025 13:23:02 +0000 https://www.theinfostride.com/?p=400880 The World Bank has projected that Nigeria’s economy will grow by 3.5% in 2025, driven by improvements in key sectors such as agriculture, services, and manufacturing. The positive outlook marks a slight rebound from previous years, signaling cautious optimism about the country’s economic recovery. According to the World Bank’s latest Global Economic Prospects report, Nigeria’s [...]

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]]> https://www.theinfostride.com/world-bank-forecasts-3-5-gdp-growth-for-nigeria-in-2025/feed/ 0 GDP Rebasing to Boost Services Sector with Largest Gain https://www.theinfostride.com/gdp-rebasing-to-boost-services-sector-with-largest-gain/ https://www.theinfostride.com/gdp-rebasing-to-boost-services-sector-with-largest-gain/#respond Mon, 13 Jan 2025 11:50:43 +0000 https://www.theinfostride.com/?p=400482 The rebasing of Nigeria’s Gross Domestic Product (GDP) is expected to benefit the services sector the most, according to analysts, who predict substantial growth in this area as a result of the updated economic calculations. The rebased GDP, which now includes a broader range of economic activities, shows the increasing importance of services, including telecommunications, [...]

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]]> https://www.theinfostride.com/gdp-rebasing-to-boost-services-sector-with-largest-gain/feed/ 0 Rebased GDP Highlights Pension Fund Role, Prompts Calls for Greater Oversight https://www.theinfostride.com/rebased-gdp-highlights-pension-fund-role-prompts-calls-for-greater-oversight/ https://www.theinfostride.com/rebased-gdp-highlights-pension-fund-role-prompts-calls-for-greater-oversight/#respond Mon, 13 Jan 2025 10:16:53 +0000 https://www.theinfostride.com/?p=400419 The inclusion of pension fund contributions in Nigeria’s rebased Gross Domestic Product (GDP) has sparked discussions among experts, who believe the move could enhance scrutiny and accountability in the pension sector. With the rebasing exercise reflecting a more accurate picture of the economy, attention is now shifting to the regulatory and operational frameworks governing pension [...]

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]]> https://www.theinfostride.com/rebased-gdp-highlights-pension-fund-role-prompts-calls-for-greater-oversight/feed/ 0 Report Reveals Decline in Real Sector Growth in 2024 https://www.theinfostride.com/report-reveals-decline-in-real-sector-growth-in-2024/ https://www.theinfostride.com/report-reveals-decline-in-real-sector-growth-in-2024/#respond Mon, 30 Dec 2024 12:06:42 +0000 https://www.theinfostride.com/?p=399157 A new report has shown that the growth of Nigeria’s real sector, which encompasses industries such as manufacturing, agriculture, construction, and services, has significantly declined in 2024. This downturn signals a worrying trend for the country’s economic diversification efforts, which have long relied on strengthening the real sector to reduce dependence on oil revenues. According [...]

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]]> https://www.theinfostride.com/report-reveals-decline-in-real-sector-growth-in-2024/feed/ 0 Nigeria’s GDP Expands by 3.46% in Q3 2024 https://www.theinfostride.com/nigerias-gdp-expands-by-3-46-in-q3-2024/ https://www.theinfostride.com/nigerias-gdp-expands-by-3-46-in-q3-2024/#respond Mon, 25 Nov 2024 19:14:18 +0000 https://www.theinfostride.com/?p=395655 Nigeria’s economy recorded a growth rate of 3.46% in the third quarter of 2024, according to data released by the National Bureau of Statistics (NBS). This marks a notable improvement compared to the 2.99% growth recorded in the same quarter last year, reflecting a sustained recovery in key sectors of the economy. The growth was [...]

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]]> https://www.theinfostride.com/nigerias-gdp-expands-by-3-46-in-q3-2024/feed/ 0 IMF downgrades Nigeria’s 2024 GDP growth in revised economic outlook https://www.theinfostride.com/imf-downgrades-nigerias-2024-gdp-growth-in-revised-economic-outlook/ https://www.theinfostride.com/imf-downgrades-nigerias-2024-gdp-growth-in-revised-economic-outlook/#respond Wed, 17 Jul 2024 15:36:06 +0000 https://www.theinfostride.com/?p=383635 The International Monetary Fund (IMF) has downgraded Nigeria’s real GDP growth in 2024 from 3.3% in its earlier projection in April to 3.1%. The IMF disclosed this in a recent update to the global economic outlook titled “Global Economy in a Sticky Spot” published on Tuesday. According to the report, the downgrade in the country’s [...]

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]]> https://www.theinfostride.com/imf-downgrades-nigerias-2024-gdp-growth-in-revised-economic-outlook/feed/ 0 Nigeria Attracts $3.5 Billion Investment to Textile Industry in One Year, Says Minister https://www.theinfostride.com/nigeria-attracts-3-5-billion-investment-to-textile-industry-in-one-year-says-minister/ https://www.theinfostride.com/nigeria-attracts-3-5-billion-investment-to-textile-industry-in-one-year-says-minister/#respond Tue, 28 May 2024 19:33:39 +0000 https://www.theinfostride.com/?p=379252 During a press briefing in Abuja, Doris Uzoka-Anite, the Minister of Industry, Trade and Investment, revealed that the Federal Government has successfully attracted $3.5 billion in investments to enhance Nigeria’s textile, cotton, and apparel sector within one year. Uzoka-Anite emphasized that this investment is part of the ministry’s initiative to revive the long-dormant textile industry, [...]

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]]> https://www.theinfostride.com/nigeria-attracts-3-5-billion-investment-to-textile-industry-in-one-year-says-minister/feed/ 0 Nigeria’s Oil Growth Stalls at 5.7% Amid Production Issues https://www.theinfostride.com/nigerias-oil-growth-stalls-at-5-7-amid-production-issues/ https://www.theinfostride.com/nigerias-oil-growth-stalls-at-5-7-amid-production-issues/#respond Mon, 27 May 2024 23:33:11 +0000 https://www.theinfostride.com/?p=379175 Nigeria, the largest oil producer in Africa, is encountering a notable setback as its oil Gross Domestic Product (GDP) growth decelerates to 5.7 percent in the initial quarter of 2024. The country heavily relies on oil production, which constitutes around two-thirds of government earnings and 90% of its foreign exchange income. According to the latest [...]

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]]> https://www.theinfostride.com/nigerias-oil-growth-stalls-at-5-7-amid-production-issues/feed/ 0 Nigeria’s GDP Growth Softens in Q1 2024 at 2.98%, NBS Reports https://www.theinfostride.com/nigerias-gdp-growth-softens-in-q1-2024-at-2-98-nbs-reports/ https://www.theinfostride.com/nigerias-gdp-growth-softens-in-q1-2024-at-2-98-nbs-reports/#respond Fri, 24 May 2024 22:23:59 +0000 https://www.theinfostride.com/?p=378811 The National Bureau of Statistics (NBS) has reported that Nigeria’s Gross Domestic Product (GDP) grew by 2.98% year-on-year in real terms in the first quarter of 2024. This growth rate surpasses the 2.31% recorded in the first quarter of 2023 but falls short of the 3.46% achieved in the fourth quarter of 2023. The NBS [...]

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]]> https://www.theinfostride.com/nigerias-gdp-growth-softens-in-q1-2024-at-2-98-nbs-reports/feed/ 0 Fuel Subsidy Removal Takes Toll: 90% of Businesses Report Negative Impact https://www.theinfostride.com/fuel-subsidy-removal-takes-toll-90-of-businesses-report-negative-impact/ https://www.theinfostride.com/fuel-subsidy-removal-takes-toll-90-of-businesses-report-negative-impact/#respond Tue, 05 Dec 2023 17:34:25 +0000 https://www.theinfostride.com/?p=363307 A recently released report from Fate Foundation, titled the “State of Entrepreneurship,” highlights the significant impact of President Bola Tinubu’s decision to remove the fuel subsidy, revealing that a staggering 90% of businesses in Nigeria faced negative consequences. The comprehensive survey involved over 10,000 businesses across the nation’s 36 states and the Federal Capital Territory [...]

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]]> https://www.theinfostride.com/fuel-subsidy-removal-takes-toll-90-of-businesses-report-negative-impact/feed/ 0 GDP: Finance and Insurance sector grows by 29.90% in Q2 2022 https://www.theinfostride.com/gdp-finance-and-insurance-sector-grows-by-29-90-in-q2-2022/ https://www.theinfostride.com/gdp-finance-and-insurance-sector-grows-by-29-90-in-q2-2022/#respond Wed, 07 Sep 2022 19:49:01 +0000 https://www.theinfostride.com/?p=332030 The Finance and Insurance sector grew at 29.90% as a whole in nominal terms year-on-year in the second quarter of 2022. This is according to the recent GDP report released by the National Bureau of Statistics. In particular, the growth rate of Financial Institutions was recorded at 31.63% and 17.28% growth rate was recorded for Insurance. The Finance and Insurance Sector consists [...]

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]]> https://www.theinfostride.com/gdp-finance-and-insurance-sector-grows-by-29-90-in-q2-2022/feed/ 0 Nigeria’s financial sector enlarges by 23% in Q3 2021 https://www.theinfostride.com/nigerias-financial-sector-enlarges-by-23-in-q3-2021/ https://www.theinfostride.com/nigerias-financial-sector-enlarges-by-23-in-q3-2021/#respond Thu, 18 Nov 2021 20:57:28 +0000 https://www.theinfostride.com/?p=313044 The Nigerian financial sector, which encompasses of finance and insurance sectors recorded a growth rate of 23.23% in the third quarter of 2021. This is according to GDP report released by the National Bureau of Statistics (NBS) on Thursday. The Financial sector, which is classified as financial institutions and insurance, comprises of finance and insurance [...]

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]]> https://www.theinfostride.com/nigerias-financial-sector-enlarges-by-23-in-q3-2021/feed/ 0 FG foresees MSMEs’ contribution to the GDP will hit 70% by 2025 https://www.theinfostride.com/fg-foresees-msmes-contribution-to-the-gdp-will-hit-70-by-2025/ https://www.theinfostride.com/fg-foresees-msmes-contribution-to-the-gdp-will-hit-70-by-2025/#respond Sat, 13 Nov 2021 21:49:16 +0000 https://www.theinfostride.com/?p=312673 The Federal Government has said its aim is to make sure the Micro, Small and Medium Enterprises (MSMEs) sector accounts for 70 per cent of the Gross Domestic Product (GDP) by 2025. The Director-General, Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), Dikko Radda, disclosed this yesterday, at a stakeholders’ operationalisation of Public-Private Dialogue [...]

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]]> https://www.theinfostride.com/fg-foresees-msmes-contribution-to-the-gdp-will-hit-70-by-2025/feed/ 0 AfCFTA could help Africa’s GDP increase by $1 trillion – UN https://www.theinfostride.com/afcfta-could-help-africas-gdp-increase-by-1-trillion-un/ Fri, 24 Sep 2021 19:33:46 +0000 https://www.theinfostride.com/?p=308739 Dr Vera Songwe who is the The Under-Secretary-General and Executive Secretary of the United Nations Economic Commission for Africa , has said that the African Continental Free Trade Area has the potential to increase Africa’s Gross Domestic Product by $1 trillion. She made the remarks at the ECA’s Regional Business Forum, which was themed, “Empowering [...]

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]]> GDP merits and demerits of doing business in Nigeria https://www.theinfostride.com/gdp-merits-and-demerits-of-doing-business-in-nigeria/ https://www.theinfostride.com/gdp-merits-and-demerits-of-doing-business-in-nigeria/#respond Sun, 19 Sep 2021 19:49:16 +0000 https://www.theinfostride.com/?p=308393 According to the published GDP report released of recent by the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) grew by 5.01% (year-on-year) in real terms in the second quarter of 2021, marking three consecutive quarters of growth following the negative growth rates recorded in the second and third quarters of 2020. Year [...]

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]]> https://www.theinfostride.com/gdp-merits-and-demerits-of-doing-business-in-nigeria/feed/ 0 Nigeria records 5.1% GDP growth, economists doubt figure https://www.theinfostride.com/nigeria-records-5-1-gdp-growth-economists-doubt-figure/ https://www.theinfostride.com/nigeria-records-5-1-gdp-growth-economists-doubt-figure/#respond Sat, 28 Aug 2021 21:30:05 +0000 https://www.theinfostride.com/?p=305169 Nigeria’s Gross Domestic Product grew by 5.01 per cent, year-on-year, in the second quarter according to the National Bureau of Statistics. NBS disclosed this in its GDP Report for Q2 released on Thursday. According to the report, the 5.01 per cent marks three consecutive quarters of growth following the negative growth rates recorded in the [...]

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]]> https://www.theinfostride.com/nigeria-records-5-1-gdp-growth-economists-doubt-figure/feed/ 0 Nigeria’s GDP may decline by $139bn in 2030 –World Bank https://www.theinfostride.com/nigerias-gdp-may-decline-by-139bn-in-2030-world-bank/ https://www.theinfostride.com/nigerias-gdp-may-decline-by-139bn-in-2030-world-bank/#respond Sun, 11 Jul 2021 21:51:29 +0000 https://www.theinfostride.com/?p=300391 A new World Bank report estimates that the collapse of ecosystem services provided by nature including wild pollination, food from marine fisheries and timber from forests could result in Nigeria’s GDP declining by $139bn in 2030. The report titled ‘The economic case for nature’ underscored the strong reliance of economies on nature, particularly in low [...]

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]]> https://www.theinfostride.com/nigerias-gdp-may-decline-by-139bn-in-2030-world-bank/feed/ 0 Official: Nigeria’s GDP to rise to 4.2% in 2022 https://www.theinfostride.com/official-nigerias-gdp-to-rise-to-4-2-in-2022/ https://www.theinfostride.com/official-nigerias-gdp-to-rise-to-4-2-in-2022/#respond Sat, 03 Jul 2021 02:51:00 +0000 https://www.theinfostride.com/?p=299333 The federal government has projected a rise to 4.2 per cent of the country’s Gross Domestic Product (GDP) in 2022. The Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at the Public Consultation on the Draft 2022 to 2024 Medium Term Fiscal Framework and Fiscal Strategy Paper (MTFF/FSP) on Thursday. Mrs Ahmed [...]

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]]> https://www.theinfostride.com/official-nigerias-gdp-to-rise-to-4-2-in-2022/feed/ 0 Nigeria’s GDP to grow by $3 billion on import reduction https://www.theinfostride.com/nigerias-gdp-to-grow-by-3-billion-on-import-reduction/ https://www.theinfostride.com/nigerias-gdp-to-grow-by-3-billion-on-import-reduction/#respond Tue, 08 Jun 2021 22:00:19 +0000 https://www.theinfostride.com/?p=296557 Nigeria’s Gross Domestic Product (GDP) will grow by about $3 billion, if the country can reduce its imports. The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, who, at the weekend, advocated for import substitution, noted that the importation of petroleum products alone makes up about 25 per cent of annual imports aside [...]

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]]> https://www.theinfostride.com/nigerias-gdp-to-grow-by-3-billion-on-import-reduction/feed/ 0 Nigeria’s Debt-To-GDP Ratio Is Very Risky – IMF https://www.theinfostride.com/nigerias-debt-to-gdp-ratio-is-very-risky-imf/ Thu, 11 Apr 2019 02:10:35 +0000 https://www.theinfostride.com/?p=230828 The International Monetary Fund has revealed that Nigeria’s Debt-to-GDP ratio is decent but very risky and cannot be guaranteed as the days go by. Debt-GDP ratio compares the size of a country’s debt to its economy with a view to determining the sustainability of the debt profile as well as the vulnerability of the economy [...]

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]]> How Nigeria’s economy grew by 89% overnight – The Economist explains https://www.theinfostride.com/how-nigerias-economy-grew-by-89-overnight-the-economist-explains/ Tue, 08 Apr 2014 13:50:34 +0000 http://www.theinfostride.com/?p=34134 ON SATURDAY, April 5th, South Africa was Africa’s largest economy. The IMF put its GDP at $354 billion last year, well ahead of its closest rival for the crown, Nigeria. By Sunday afternoon that had changed. Nigeria’s statistician-general announced…

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]]> South African economists shrug at Nigeria growth jump https://www.theinfostride.com/south-african-economists-shrug-at-nigeria-growth-jump/ Mon, 07 Apr 2014 09:10:10 +0000 http://www.theinfostride.com/?p=33782 South Africa remains the most important economy in the continent despite being overtaken by Nigeria as Africa's biggest, South African economists said. The result of a long awaited rebasing of Africa's most populous nation showed that Nigeria's GDP…

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]]> Sri Lanka GDP growth below forecast, bank holds rates https://www.theinfostride.com/sri-lanka-gdp-growth-below-forecast-bank-holds-rates/ Fri, 21 Mar 2014 10:43:24 +0000 http://www.theinfostride.com/?p=29874 Sri Lanka's economy grew a weaker-than-expected 7.3 percent last year, the country's central bank said Friday as it kept interest rates at multi-year lows as it looks to boost private investment and lending. The Central Bank of Sri Lanka said last year…

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