“Overall, the annual GDP growth rate in 2022 stood at 3.10 per cent, from the 3.40 per cent reported in 2021. Thus, the performance of agriculture and Industry reduced in 2022 relative to 2021, while the performance of the Services sector improved in 2022.”

Aggregate GDP for Q4 2022 stood at N56.76tn in nominal terms, higher than the N49.28tn that was recorded in Q4 2021.