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

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.