Nigeria’s economic growth quickens to 3.46% y/y in Q3

© Reuters. FILE PHOTO: A general view of Karu district in Abuja, Nigeria June 25, 2020. REUTERS/Afolabi Sotunde/File Photo

ABUJA (Reuters) – Nigeria’s economy grew 3.46% year on year in the third quarter of 2024, quicker than in the first two quarters of this year, statistics agency data showed on Monday.

Despite the pickup in economic growth, from 3.19% in the second quarter and 2.98% in the first, the growth rate is still short of the 6% target set by President Bola Tinubu when he took office last year in Africa’s most populous nation.

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