Nigeria’s Gross Domestic Product (GDP) grew by 4.03 per cent in the third quarter of the year (Q3 2021), the National Bureau of Statistics announced on Thursday.
Briefing newsmen in Abuja, the Statistician-General of the Federation and the Chief Executive Officer of the NBS, Mr Simon Harry, explained that the negative GDP figures recorded in 2020 as a result of the COVID-19 pandemic had serious base effects on the GDP figures for quarters two and three 2021.
He said, “You will recall that the contraction of quarters two and three of 2020 has resulted in positive growth as recorded consecutively for the last three-quarters of quarter four, 2020 with 0.11%, quarter one, 2021 with 0.51% and quarter two, 2021 with 5.01%...
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