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Tag: GDP

Finance

Financial sector GDP contribution drops 15% in nine months

Banks, insurance, and other financial institutions’ contribution to the economy fell by 15 per cent to N1.512 trillion in the third quarter, from N1.778 trillion in the first quarter of the year. This followed the second consecutive decline in the sector’s quarterly contribution to the nation’s Gross Domestic Product in the Q3’25. Vanguard reported that […]

Nigeria is finished if manufacturing sector dies, MAN warns
Economy

MAN projects 3.1% industry growth, 10.2% GDP contribution by 2026

The Manufacturers Association of Nigeria has projected a much improved performance of the sector in 2026, with an expectation of 3.1 per cent real growth and a contribution of 10.2 per cent to the real gross domestic product in the coming year. MAN’s Director of Research and Economic Policy Division, Dr. Oluwasegun Osidipe, who made […]

Opinion

Nigeria’s GDP growth to drop as oil prices fluctuate – Rewane

Nigeria’s economy is expected to expand at a slower pace in the third quarter of 2025, with GDP growth projected to dip to 3.9 per cent from 4.23 per cent recorded in Q2. According to managing director/CEO of Financial Derivatives Company, Bismarck Rewane, this moderation reflects the lagged impact of easing monetary policy, volatile oil […]

Economy featured

Nigeria’s GDP grows by 4.23% in Q2 2025

Nigeria’s Gross Domestic Product grew by 4.23 per cent in the second quarter of 2025, according to the National Bureau of Statistics. This growth rate is higher than the 3.48 per cent recorded in the second quarter of 2024 and the 3.13 per cent posted in the first quarter of 2025. The NBS attributed the […]

Economy

Nigeria targets 25% industry share of GDP by 2035

The Federal Government has launched a new industrial roadmap aimed at more than doubling the sector’s share of national output over the next decade, projecting a rise from the current 10 per cent contribution to 25 per cent of GDP by 2035. Minister of State for Industry, Senator John Owan, disclosed the plan at the […]

Economy

Nigeria targets 25% industrial GDP growth by 2035, says minister

The Federal Government says Nigeria has projected a significant rise in industrial contribution to GDP, targeting 25 per cent growth between 2025 and 2035 under a newly validated strategic framework. The Minister of State for Industry, Sen. John Owan, made the remark during a panel session at the ongoing Gastech Exhibition and Conference in Milan, […]

Economy featured

FG to boost GDP by 21% with digital e-governance bill

The Federal Government has said that Nigeria’s Gross Domestic Product could receive a major boost from the digital economy, with contributions projected to rise to 21 per cent by 2030, if the proposed National Digital and E-Governance Bill is passed into law. The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, stated this […]

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Economy featured

Govs target $100bn GDP from creative sector by 2030

The Nigeria Governors’ Forum has pledged to support the Federal Government’s initiative aimed at enhancing the growth and development of Nigeria’s creative economy and tourism sectors. The News Agency of Nigeria reported that the federal government outlined key strategic interventions to grow the arts, culture, tourism and creative economy contributions to the Gross Domestic Product […]

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