Nigeria’s GDP is $362.8 billion, falling from a high of $509.97 billion in 2014. As of December 2024, Nigeria’s inflation stood at 34.88 per cent, a 30-year high.

It might now be the 26th biggest economy in the world, but Nigeria is 121st in terms of GDP per capita. In parts of the north, up to 80 percent of people live below the $1.25 per day poverty line.

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Data obtained from the website of the International Monetary Fund indicated that Nigeria’s GDP per capita declined from $3,022 in 2014 to just $835.49 in 2024, signalling a sharp contraction in ...

For Nigeria, the SUT consists of 46 industries and 217 products, ensuring that the new benchmark for GDP calculations captures the complexity and diversity of the nation’s economy.

But at 19th position globally, Nigeria’s economy will still rank behind Russia, Turkey and Mexico. According to Bloomberg, by 2030, Nigeria will rank among the top 20 largest economies in the world.

No, 'Detty December' remittances in Nigeria did not equal 4% of the country's GDP, as claimed by former governor The former governor based the claim on a Wikipedia entry, which quoted a 2021 news ...

Nigeria has one of the lowest tax collection rates in the world at approximately 10.8 percent of gross domestic product (GDP), though tax receipts did rise by 56 percent in 2022 to a record 10 ...

Nigeria's total public debt could rise to 37.1% of its gross domestic product (GDP) this year, close to the government's self-imposed 40% limit, the country's Debt Management Office said on Thursday.

Nigeria plans to rebase its gross domestic product and inflation data by the end of the month to capture changes in certain sectors of the economy and to reflect current consumption patterns, its ...

Nigeria, Egypt, and South Africa were responsible for 65 per cent of Africa’s Gross Domestic Product slowdown, McKinsey has disclosed. The report, which was titled ‘Reimagining economic growth ...