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BREAKING: Nigeria’s GDP Grew By 3.46% In Q4 2023 — NBS

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Nigeria’s Gross Domestic Product grew by 3.46 per cent year-on-year in real terms in the fourth quarter of 2023, the National Bureau of Statistics has disclosed.

In its ‘Nigerian Gross Domestic Product Report (Q4, 2023),’ released on Thursday, the NBS said the growth rate is lower than the 3.52 per cent recorded in the fourth quarter of 2022 and higher than the third quarter of 2023 growth of 2.54 per cent

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It added that the service industry was responsible for the growth in the quarter.

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Both the IMF and World Bank expected Nigeria’s economy to grow by 2.9 per cent in 2023.

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The report read, “Nigeria’s Gross Domestic Product (GDP) grew by 3.46 per cent (year-on-year) in real terms in the fourth quarter of 2023.

“This growth rate is lower than the 3.52 per cent recorded in the fourth quarter of 2022 and higher than the third quarter of 2023 growth of 2.54 per cent.

“The performance of the GDP in the fourth quarter of 2023 was driven mainly by the Services sector, which recorded a growth of 3.98 per cent and contributed 56.55 per cent to the aggregate GDP”

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In terms of share of the GDP, industry, and the services sectors contributed more to the aggregate GDP in the fourth quarter of 2023 compared to the fourth quarter of 2022.

The agriculture sector grew by 2.10 per cent, from the growth of 2.05 per cent recorded in the fourth quarter of 2022. The growth of the industry sector was 3.86 per cent, an improvement from -0.94 per cent recorded in the fourth quarter of 2022. In terms of share of the GDP, industry, and the services sectors contributed more to the aggregate GDP in the fourth quarter of 2023 compared to the fourth quarter of 2022. On an annual basis, GDP grew by 2.74 per cent in 2023 relative to 3.10 per cent in 2022,” the report added.

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NAFDAC Raises The Alarm Over Fake Milk In Circulation

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The National Agency for Food and Drugs Administration and Control on Friday raised the alarm over the presence of counterfeit Cowbell “Our Milk” 12g sachet milk circulating in Nigeria.

The alert posted on the agency’s website stated that Promasidor Nigeria Ltd, which is the marketing authorisation jolder and manufacturer of Cowbell “Our Milk” informed the agency about the existence of a product bearing a close resemblance to the genuine Cowbell “Our Milk” 12g sachet Milk.

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“This includes unauthorised use of the brand name, packaging design, NAFDAC registration number, and trademark.

The MAH has confirmed that these products are neither manufactured or distributed by them as the counterfeit packaging design was last used for production by the company in September 2023,” NAFDAC noted.

READ ALSO:NAFDAC Warns Against Use Of Excess Hydroquinone In Cosmetics

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Differentiating, it said the genuine cowbell milk is creamy, the packaging material used is the revised PNG artwork “Our Creamy Goodness”, the printing of the batch details is done with laser printing, the coding is done on the coding area on the sachet, and the sealing and cutting on the vertical sides are automated.

It said the content of the counterfeit Cowbell 12g sachet milk does not seem like milk, the packaging material used is the old PNG artwork “Our Milk”, the printing of the batch details was done with ink instead of laser printing, the coding was not done on the coding area but on a different part of the sachet, and the sealing and cutting on the vertical sides were manually done.

It added, “The use or consumption of counterfeit Cowbell ‘Our Milk’ Milk presents serious health and safety risks.

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Such products may contain harmful substances, including toxic chemicals, unapproved additives, or diluted ingredients that do not meet food safety standards.

“Consumption of counterfeit milk can result in foodborne illnesses, allergic reactions, organ damage, or even death in severe cases. Infants, children, pregnant women, and the elderly are particularly vulnerable.”

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The agency urged all NAFDAC zonal directors and state coordinators to conduct surveillance and mop up the counterfeit Cowbell 12g sachet Milk products within their zones and states.

Distributors, retailers, and consumers are advised to exercise caution and vigilance within the supply chain to prevent the distribution, sale, and use of the counterfeit milk product.

READ ALSO:NAFDAC Warns Against Chemical Ripening Of Fruits

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All food products must be obtained from authorised/licensed manufacturers/suppliers. The products’ authenticity and physical condition should be carefully checked.

“Healthcare professionals and consumers are advised to report any suspicion of sale of substandard and counterfeit food products to the nearest NAFDAC office, NAFDAC on 0800-162-3322 or via email: sf.alert@nafdac.gov.ng

“Similarly, healthcare professionals and patients are also encouraged to report adverse events or side effects related to the use of counterfeited food products to the nearest NAFDAC office, or through the use of the E-reporting platforms available on the NAFDAC website www.nafdac.gov.ng or via e-mail on pharmacovigilance@nafdac.gov.ng,” it said.

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Orphaned Nigerian TikToker ‘Geh Geh’ Goes Viral, Rakes In $30,000 From One Live Session

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A young Nigerian known as “Geh Geh” has captured the hearts of thousands online after his TikTok live session on Thursday drew an astonishing 177,000 viewers and reportedly earned him gifts worth over $30,000.

The social media personality, who refers to his online platform as the “University of Wisdom and Understanding,” has been making waves with his unconventional approach to advising men on relationships and finances.

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In a video he posted after the live session, Geh Geh said, “More than 177,000 people watch my lectures today.

“Jesus! University of wisdom and understanding, the only university where once you graduate, woman go fear to ask you for money.”

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Describing himself as the “first illiterate to find a university in the history of Nigeria,” Geh Geh reflected on his unlikely rise to fame, saying, “I no be graduate too, but by the grace of God, I don find school. I be orphan, but now Nigerians don show me love.”

According to him, the gifts received during the live were worth approximately $30,000, a feat he described as life-changing.

See gift I made over… more gift when they give me today is worth about $30,000. I no go take this love for granted, because I no really do anything for am,” he said in a follow-up video after the live became a hit.

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The viral moment has been hailed by many as a form of digital empowerment, proof that even those without formal education can leverage social media to build influence, create entertainment, and earn a living.

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While his controversial teachings on money and women have sparked debates online, his story is now being seen as an inspiration to underprivileged youths.

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Reflecting on the overwhelming support, he added, “If Nigeria be country wey value great people, by now them suppose dey compare people like me with Aristotle, Wole Soyinka, Einstein… but I thank God say people dey see my head and my own difference.”

His followers, now calling themselves “students” of the Geh Geh University, continue to grow, raising questions about how social platforms are redefining fame and success in Nigeria.

 

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Daredevil Boko Haram Leader, Bakura Neutralized In Niger

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A notorious leader of the Boko Haram insurgents, Ibrahim Mahamadu, popularly known as Bakura, has been killed in the Lake Chad Basin, the Niger Army said on Thursday.

The Army, in a statement, tagged the terrorist a “feared leader” of the group, stating that he was targeted by a fighter jet early on August 15.

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Very early in the morning of August 15, an Air Force fighter aircraft launched three targeted and successive strikes on the positions Bakura used to occupy in Shilawa,” it added.

READ ALSO:Boko Haram, ISWAP Conflict Intensifies In Lake Chad Region, Leading To Many Casualties

The statement also revealed that the Boko Haram leader, who was said to be about 40 years old, was originally from Nigeria.

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He reportedly joined the terrorist group more than 13 years ago and took over leadership after Abubakar Shekau.

DAILY POST reports that Shekau, a former leader of Boko Haram, died during jihadist infighting in May 2021

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