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Nigeria’s GDP grows by 1.4 pct in third quarter
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Nigeria’s GDP grows by 1.4 pct in third quarter

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For the second consecutive quarter, Nigeria’s Gross Domestic Product, GDP, has grown, this time by 1.4 per cent in real terms.

The National Bureau of Statistics says the third quarter growth is 3.74 per cent points higher than the rate recorded in the corresponding quarter of 2016.

And what more? The second quarter growth figure was revised to 0.72 per cent from 0.55 per cent.

This is as result of revisions by state-oil company, NNPC to oil output.

The recent figures indicate a consolidation of Nigeria’s exit from recession.

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