As Nigeria awaits the release of the Q4 2024 Gross Domestic Product (GDP) report, economic analysts predict that the growth rate will surpass the 3.46% recorded in Q3 2024.
However, despite this anticipated increase, the full-year GDP growth rate is expected to fall below the Q3 rate.
The federal government projected a 3.75% GDP growth target in the 2024 budget. This growth rate targeted by the government for the full year 2024 is more than the growth rate analysts expect for the same period.