Nigeria’s real GDP grows marginally in first quarter of 2019, says NBS

Nigeria’s real gross domestic product (GDP) grew marginally in the first quarter of 2019, compared to the rate in the last quarter of last year.

The latest Nigerian Gross Domestic Product Report by the National Bureau of Statistics showed the country’s economy grew by 2.01 percent (year-on-year) in real terms.

Compared to the growth rate of 1.89 percent recorded in the first quarter of 2018, the NBS said real GDP in the first quarter of this year grew by 0.12 percent points.

However, relative to the rate in the fourth quarter of 2018, the NBS said real GDP growth rate declined by -0.38 percent points.

The latest performance of the economy is following the slow pace it has been treading since its recovery from the last recession in 2017……..read more

Source: Premium Times