Top 10 sectors that drove Nigeria’s economy in Q4.

Crop production, trade, telecommunication and information services, and seven other sectors contributed more to Nigeria’s economic growth in the fourth quarter of 2024, according to the latest Gross Domestic Product report.

The report, published by the National Bureau of Statistics, shows that crop production contributed 23.42 percent, followed by trade with 15.11 percent. Telecommunication and information services had 15.40 percent; Real estate had 5.88 percent; and Financial Institutions had 5.76 percent.

Crude petroleum and natural gas, food, construction, professional services, and other services contributed 4.60 percent, 4.08 percent, 3.44 percent, 3.21 percent, and 3.08 percent respectively

In the fourth quarter of 2024, Nigeria’s economy experienced its most robust growth in three years, with the Gross Domestic Product (GDP) expanding by 3.84 percent year-on-year.

According to NBS, this surge was driven by the services sector, which recorded a 5.37 percent increase and contributed 57.38 percent to the nation’s aggregate GDP.

Source: BUSINESSDAY