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Nigeria’s economy grew by 2.4% in Q1 – OPEC

taxes on agriculture

The Organisation of the Petroleum Exporting Countries (OPEC) has said that Nigeria’s economic growth in the first quarter of 2023 (1Q23) stood at 2.4 per cent year-on-year (y-o-y).

OPEC made this known in its Monthly Oil Market Report for August obtained by the News Agency of Nigeria (NAN) on Friday.

OPEC said this was against a growth of 3.6 per cent in fourth quarter of 2022, an indicator of 2023 anticipated slowdown.

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