Real estate overtakes oil in Nigeria’s economy after GDP rebasing

The service, industry, and agriculture subsectors propelled Nigeria’s economy’s expansion to N372.8 trillion in 2024 ($145.3 billion) at the present exchange value of the naira. Despite the economic growth in Africa’s most populous nation, Nigerians have continued to battle soaring costs of living, with headline and food inflation at 22.22 percent and 21.97 percent as [...]Real estate overtakes oil in Nigeria’s economy after GDP rebasing

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