Nigeria Gross Domestic Product: Reforms restrict real output growth to 2.54% in Q3

Analyst: Ibukun Omoyeni* In Q3’23, Nigeria’s real GDP growth slowed to 2.54% y/y, 9bps lower than our estimate (Vetiva: 2.63% y/y) and 30bps higher than the prior year (Q3’23: 2.25% y/y). We attribute this outcome to better oil production outcome, improved embrace of digital financial services platforms, and the negative passthrough of subsidy removal to…

For standard subscribers only.
Login
This site uses cookies to offer you a better browsing experience. By browsing this website, you agree to our use of cookies.