A few days ago, the National Bureau of Statistics (NBS) released the Second Quarters Gross Domestic Products (GDP) result and against all odds, the Nigerian economy grew by 3.54 percent in the second quarter of 2022.



Growth in the three-month period marked the seventh consecutive quarterly expansion. It was driven by a 4.8% improvement in the non-oil sector, which makes up most of the economy, compared with a 6.1% increase from a year earlier.



The oil sector shrunk by 12% as oil production declined to 1.43 million barrels per day in the second quarter, compared with 1.49 million barrels in the previous three-month period, Adeniran said. Nigeria has been unable to meet its OPEC+ quota this year, partly because of crude theft.



“This growth rate declined from 5.01 percent in the second quarter of 2021 when rapid growth was recorded following the toll the COVID-19 pandemic exacted on the economy in Q2 2020. In addition, the recent rising prices have adversely impacted on the second quarter of 2022 performance,” the NBS said in a report.



While the growth was against all odds, some sectors in the economy did not contribute to the growth recorded. The Matrix in this report relying on data from BusinessDay presents some worst-performing sectors:

CONTINUE READING: https://matrixliveng.com/see-nigerias-worst-performing-sectors-in-q2-2022-nbs/

For the average Nigerian, Buhari happened to Nigeria for 7years