BREAKING: Nigeria’s GDP grows by 2.28 percent
Nigeria’s Gross Domestic Product (GDP) grew by 2.28%(year-on-year), in real terms, in the third quarter of 2019, says the National Bureau of Statistics, NBS.
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The NBS, in its report on Friday said compared to the third quarter of 2018 which recorded a growth of 1.81%, the real GDP growth rate observed in the third quarter of 2019 indicated an increase of 0.47% points.
“Relative to the second quarter of 2019, which recorded a growth rate of 2.12%, Q3 2019 represents an increase of 0.17% points,” it said.
On a quarter on quarter basis, however, the NBS said real GDP grew by 9.23%.
It added that the growth rate in third quarter of 2019 represented the second highest quarterly rate recorded since 2016.