Breaking: NBS passes fresh verdict on Nigeria’s GDP…see details

The third quarter of 2019 has seen Nigeria’s Gross Domestic Product grow by 2.28 per cent in.

The National Bureau of Statistics in its quarterly report, said the figure was better than 2.12% (revised from 1.94%) in the second quarter of 2019 and the third quarter of 2018, in the year-on-year analysis.

In the quarter under review, aggregate GDP stood at N37,806,924.41 million in nominal terms. This performance is higher compared to the aggregate of N33,368,049.14 million recorded in the third quarter of 2018, representing a year on year nominal growth rate of 13.30%. The growth rate is, however, lower relative to rates recorded in the third quarter of 2018 by –0.28% points and the rates recorded in the preceding quarter by –0.71% points.”

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