According to the National Bureau of Statistics, Nigeria’s GDP increased year over year by 3.54 percent in the second quarter of 2022.
This information may be found in a statement made by Prince Semiu Adeniran, Statistician-General of the Federation and Director-General of the National Bureau of Statistics, regarding the release of the Nigerian Gross Domestic Product Report for the second quarter of 2022 on Friday in Abuja.
According to Semiu, the total GDP was N45 trillion in the second quarter of 2022.
He states that this achievement is better than the N39.12 trillion recorded in the second quarter of 2021, which corresponds to a nominal annual growth rate of 15.03%.
He reported that the nominal GDP for the first quarter of 2022 was N45.32 trillion.
According to Adeniran, the second quarter of 2022 saw a real GDP of N17.29 trillion.
He asserts that this indicates that the contribution of services in the second quarter of 2022 was larger than the second quarter of 2021.
- Tags: #GDP, #GDPgrowth, #NBS, #Q2
