INSUBCONTINENT EXCLUSIVE:
story lies in how Nigeria achieved this growth
The traditional oil sector, while showing improvement with 1.47 million barrels daily output, no longer dominates the narrative.Instead, the
services sector emerged as the true powerhouse, contributing 53.58% to the economy and growing at 5.19%
94.43% of GDP, driven by digital services, banking, and agriculture
This diversification protects Nigeria from the volatile oil markets that previously dictated its economic fate.Yet challenges remain
Agriculture grew by only 1.14%, highlighting vulnerabilities in food security
3.46% Despite Global Headwinds
(Photo Internet reproduction)These figures reveal an economy in transition, moving from resource dependency toward a more balanced structure
to build a more resilient economic foundation.The question now becomes whether Nigeria can maintain this momentum and fully capitalize on
its digital and service sector potential.
