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AGRIC GDP
The agricultural sector contributed 21.66% to overall GDP in Q1 2023, lower than its contribution in Q1 2022 and Q4 2022.
Nigeria's agricultural sector grew by 2.28% in real terms in Q1 2021 compared to a growth of 3.42% in Q4 2020 and 2.20% in Q1 2020.
The latest GDP report from the National Bureau of Statistics (NBS) shows Nigeria’s agricultural sector suffered a major setback as it posted the slowest growth in the last one year (4 consecutive quarters).