The Finance and Insurance sector led Nigeria's 3.2% GDP growth in the first 9 months of 2024

Nigeria’s GDP for 2024 is up by 3.2% so far, with key sectors driving the growth. In the first nine months of 2024, Finance and Insurance took the lead with a 30.3% increase, followed by Water Supply & Waste Management at 8.3%, and Mining and Quarrying with 5.7% growth.

These are the sectors leading Nigeria’s real GDP growth.

Source:

National Bureau of Statistics

Period:

(Q1-Q3) 2024
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While Angola's debt service-to-GDP hits 68%, Algeria’s is 0.1%, showing huge variety in debt burdens
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Nigeria's debt service per GDP increased from 0.7% in 2015 to 10.2% in 2024, with 2025 forecasted to reach 15.1%
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