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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

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.

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.

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“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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Troops Ambush Terrorists On Transit To Cause Havoc In Kaduna, Neutralize Two

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Troops of the Nigerian Army have neutralized two terrorists and recovered arms in Giwa Local Government Area of Kaduna State.

Director Army Public Relations, Major General Onyema Nwachukwu, who made this known in a statement on Sunday, April 14, 2024, said the terrorists were on transit to cause havoc in the area.

Nigerian Army troops deployed for Counter- terrorism Counter-insurgency operations in the North West on Saturday 13 April 2024 successfully ambushed and neutralized two terrorists transiting with arms in Kaduna,” the statement read.

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The operation, which took place in Rafin Sariki Village of Giwa Local Government Area, was a prompt response to actionable intelligence on the presence of terrorists transiting with a sack containing weapons.

“The troops laid in ambush for the terrorists and engaged them in a gun battle, that neutralized two of the terrorists. The gallant troops also recovered one AK-47 rifle, 52 rounds of 7.62mm special ammunition, and one locally fabricated revolver frame.

“The Nigerian Army remains committed to ensuring the safety and security of the citizenry and the nation in general.

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“The NA will thus, continue to take decisive actions against terrorists activities in the region.”

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Video: Moment Pastor Enenche Sent Lady Away For Giving False Testimony On The Altar

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A video of popular Nigerian clergyman, Paul Eneche, calling out a woman for sharing a false testimony has made the rounds on social media.

The woman who attends his church in Abuja was on the altar to share her testimony of how God made her the “only graduate in her family.”

Worried by her command of English. the cleric asked the lady what degree did graduated with and she said ‘’Law”. Prodding further, the cleric asked her what kind of Law degree, the lady answered ‘’B.Sc in Law”

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He asked that the lady leave the altar and warned his members never to come to the altar to lie about a “testimony.”

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JUST IN: DSS Arrests El-Rufai’s Political Ally Over Post On Gov Sani

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Aisha Galadima, a strong political ally of the former governor of Kaduna State, Mallam Nasir El-Rufai, has been arrested in Kaduna.

The arrest, a source told DAILY POST, was connected to a post on her Facebook page, criticizing Governor Uba Sani.

The female politician was picked up by the operatives of the Department of State Services, DSS, from her residence on Sunday afternoon.

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The development was confirmed by one of her brothers, who said, “Aisha has just been arrested by DSS at her Tudun Wada residence in Kaduna.”

 

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