news-details

Nigeria’s nominal GDP hits N60.93tn in Q2 – FG

The Permanent Secretary of the Federal Ministry of Finance, Lydia Jafiya, said this at a sensitization programme on the forth-coming implementation of quarterly citizens and stakeholders engagement held at the ministry headquarters on Thursday in Abuja.

She stated the programme marks a significant step towards improving the transparency and accountability of financial policies and strategies.

She said the ministry has spearheaded several reforms aimed at improving revenue generation, reducing leakages, and ensuring fiscal discipline which has in turn improved the nation’s GDP.

According to her, the country recorded a nominal GDP of N60.93tn, which represents a 16.94 per cent improvement compared to the N52.103tn recorded in the second quarter of the previous year.

A statement by the Director of Information and Public Relations, Mohammed Manga, explained that the Q2 GDP growth was driven mainly by the services sector, which recorded a 3.79 per cent growth and contributed 58.76 per cent to the aggregate GDP.

Related Posts
Advertisements
Market Overview
Top US Stocks
Cryptocurrency Market