Nigeria’s Gross Domestic Product (GDP) grew by 2.38 per cent in real terms (year-on-year), the National Bureau of Statistics (NBS) reported Tuesday.
Daily Trust observes that the latest growth rate represents an increase of 0.27 per cent points when compared to the fourth quarter of 2017 which recorded a growth rate of 2.11 per cent.
It also indicates a rise of 0.55 per cent points when compared with the growth rate recorded in Q3 2018.
Further analysis showed that on a quarter on quarter basis, real GDP growth was 5.31 per cent.
The fourth quarter growth performance implies that real GDP grew at an annual growth rate of 1.93 per cent in 2018, compared to 0.82 per cent recorded in 2017, an increase of 1.09 per cent points. Read more