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What happens if Nigeria's GDP grows at 3.68% yearly?
Have you ever considered how much larger the US GDP is in comparison to Nigeria's? Although it would be difficult to compare Nigeria's GDP to that of the US, let's assume it increases by 3.68% annually. How long would it take the nation's GDP to match that of the US in 2022?

In Q2 2023, accommodation and food services' contribution to Nigeria's GDP decreased considerably
In Q2 2023, the hospitality sector, which includes accommodation and food services, on the other hand, experienced a slowdown and saw its GDP share decrease. Other sectors include the arts, entertainment, and recreation, as well as education.

In Q2 2023, the utilities sector's economic contribution to Nigeria's GDP increased significantly
Nigeria's GDP increased in Q2 2023, with certain sectors prospering and others failing. Utility industries made significant gains that helped economic growth.

Nigeria collected almost ₦1 trillion VAT in Q3 2023, surpassing the previous year by ₦166 billion
In the third quarter of 2023, Nigeria collected a record ₦948 billion in Value Added Tax, the biggest in any quarter recorded from 2013. This data, spanning from Q1 2013 to Q3 2023, shows a consistent upward trajectory in VAT collections over the years.


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