The Gross Domestic Product (GDP) from mining in Nigeria witnessed a notable increase, reaching N1,064,775.19 million in the third quarter of 2023, up from N946,738.89 million recorded in the preceding quarter.

Data compiled by the National Bureau of Statistics, Nigeria, reveals that the GDP from mining in the country has displayed a fluctuating trend over the years. The average GDP from mining in Nigeria stood at N1,601,758.66 million from 2010 to 2023. The sector achieved its peak performance in the first quarter of 2011, reaching an unprecedented N2,406,675.90 million. Conversely, the fourth quarter of 2022 marked a record low of N913,547.58 million.

These statistics underscore the dynamic nature of Nigeria’s mining sector, emphasizing its contribution to the country’s economic landscape. The data signals positive growth in the third quarter of 2023, showcasing the sector’s resilience and potential impact on the overall national economy. The information is sourced from the National Bureau of Statistics, Nigeria.

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