Nigeria’s economy grows by 3.4 %

The National Bureau of Statistics says Nigeria recorded an annual Gross Domestic Product growth of three point four per cent in 2021, representing the strongest growth in seven years.

The GDP growth exceeded the World Bank and International Monetary Fund 2021 projections of two point five per cent and two point seven per cent for the country.

The Statistician General of the Federation, Simon Harry told newsmen at a news conference in Abuja that the strong GDP growth was driven by growth in the Agriculture, Trade, Information and Communication and Financial and Insurance subsectors.

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