Nigeria’s GDP grows by 1.4 pct in third quarter

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.

Advertisement

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

Related posts:

Ghana’s GDP grows by 9 pct Nigeria’s GDP grows by 1.87% in first quarter- NBS Nigeria’s GDP grows by 2.38% in Q4 2018 South Africa enters recession after GDP declines for a second quarter Nigeria’s Q3 GDP slows to 4.03% from 5.01% in previous quarter Nigeria’s recession worsens as GDP drops in third quarters – NBS Report Nigeria’s central bank to hold in March, cut in third quarter – Poll Federal, state, Local govts share N2,28tr in third quarter – NEITI