The contributions of the real estate and construction sector to Nigeria’s real Gross Domestic Product increased by $19.3bn in the fourth quarter of 2022, according to the latest GDP report released by the National Bureau of Statistics.
The sector’s GDP contribution rose to $62.8bn despite high-interest rates, inflation, and cost of building materials, amongst other challenges, faced last year.
The report showed that construction services raked in $12.4bn while real estate contributed $6.7bn to the GDP in the fourth quarter.
More details at:
Leave a Reply.
News Archive from before July 2018