Last week, Nigeria’s National Bureau of Statistics published the Q2 GDP numbers to show that Nigeria’s economy grew by 2.51% year-on-year in real terms to N17.72 trillion. This figure, while it is reflective of expansion, is notably lower than the robust 3.54% achieved in the corresponding quarter of the prior year, a difference that can |
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According to recent labour force statistics released by Nigeria's National Bureau of Statistics, the country's employment rate saw a decline to 4.1% in the first quarter of 2023 from 5.3% in the preceding quarter of 2022. This quarterly contraction in the numbers primarily stemmed from the progressive expansion of the economy, thereby facilitating an escalated |