In the fourth quarter (Q4) of 2021, Nigeria’s Manufacturing sector recorded a real GDP growth of 2.28% (year-on-year), an improvement from the corresponding quarter of 2020 but lower than the preceding quarter of Q3 2021 by 3.80% and 2.01%, respectively.
According to the quarterly Gross Domestic Product report published by the National Bureau of Statistics, the nominal GDP growth for the sector however, was recorded at 25.52%, reflecting a growth of 0.92% from Q4 2020 and a decline of 7.21% quarter on quarter.
