Nigeria’s Gross Domestic Product (GDP) expanded by 3.46 per cent in the fourth quarter (Q4) of 2023.

This was revealed by the National Bureau of Statistics (NBS) in its latest report stating that the growth rate was slightly lower than the 3.52 per cent growth seen in the same quarter last year but higher than the 2.54 per cent growth recorded in the second quarter (Q2) of 2023.

The NBS revealed these findings in its Q4 GDP report released on Thursday, attributing the growth primarily to the services sector, which experienced a 3.98 per cent increase.