ABUJA (Reuters) -Nigeria’s economy picked up pace in the second quarter, growing 4.23% year on year from 3.13% in the first three months of the year, statistics agency data showed.
Monday’s release is the second to reflect a rebasing of Nigeria’s gross domestic product aimed at capturing structural changes to the economy of Africa’s most populous country.
President Bola Tinubu last month announced a 7% annual economic growth target by 2027.
(Reporting by Elisha Bala-Gbogbo in Abuja and Mohd Edrees in Bengaluru;Editing by Alexander Winning)
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