Highlights of the 2021 Mid-Year Fiscal Review – Economic Analysis


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  • Although the agricultural sector maintained its mark as the sector with the highest growth rate, its growth rate fell to 4.2% from 10.2% in Q2-2020.
  • The crops and livestock sub-sectors have specifically driven the growth of the agriculture sector.
  • The services sector recorded the second highest growth rate of 4.0%. Growth was mainly driven by the information and communication sub-sector.
  • The industry sector recorded a growth rate of 1.3%, the lowest growth rate among the three sectors. It slightly decreased by 1.4% compared to the same period last year. Its growth was driven by the construction and manufacturing sub-sectors.

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Macroeconomic review 2022

KPMG Nigeria

Nigeria recorded a gross domestic product (GDP) growth of 4.03% (year-on-year) in 2021, exceeding its projected GDP growth rate of 3% for the fiscal year.

African countries to invest in

Smit and Van Wyk

The African continent is a largely untapped market. With 54 countries and an estimated population of over 1.366 billion (16.72% of the world’s population), Africa represents a valuable target for small and large businesses alike.


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