GDP

How Nigeria’s GDP Grew By 3.98% In 2021 Q4 – NBS

How Nigeria’s GDP Grew By 3.98% In 2021 Q4 – NBS

The National Bureau of Statistics (NBS) on Thursday revealed that Nigeria’s GDP grew by 3.98% in Q4 2021, sustaining a positive trajectory over the period.

A report by the NBS which was obtained by Africa Daily News, New York on Thursday read; ‘Nigeria Gross Domestic Product (GDP) grew by 3.98%(year-on-year) in real terms in the fourth quarter of 2021, showing a sustained positive growth for the fifth quarter since the recession witnessed in 2020 when output contracted by -6.10% and -3.62% in Q2 and Q3 of 2020 under the COVID pandemic. The fourth-quarter growth indicates a steady economic recovery accounting

Nigeria’s Q2 2020 GDP Outlook Better Than Envisaged

Nigeria’s Q2 2020 GDP Outlook Better Than Envisaged

The Presidency on Wednesday said the figures of the Nigerian Gross Domestic Product (GDP), recently released by the National Bureau of Statistics (NBS), depict better performance result of the economy in the first half of the year 2020.

Read Also: Tanzania: People Do Not Eat GDP – Lumumba To Mining Forum

Reacting to negative interpretations which followed the -6.10% GDP figure released by the NBS, the Presidency explained that though the numbers were in the negative, they were comparatively positive improvement on previous year’s experience and better than projected by analysts.

In a statement issued by the special adviser …