Nigeria’s GDP Records 3.4% Growth, Highest Since 2014

The National Bureau of Statistics (NBS) said this in its fourth-quarter GDP report yesterday, stating that 3.98 per cent was recorded in the quarter of last year, from 4.03% and 5.01% recorded in Q3 and Q2 2021, respectively.
 
However, the figure indicated that the economy is recording a continuous positive growth when compared to the 0.11% and 0.51% recorded in Q4 2020 and Q1 2021 respectively, on the back of the nation’s negative growth due to the effects of COVID-19.
 
The Statistician-General of Federation/Chief Executive Officer of the National Bureau of Statistics (NBS) at a press briefing, yesterday, noted that the new figure, which would be seen as lower than the 4.03% growth rate in Q3, is analytically better when viewed “in terms of the base effect of the corresponding period in Q4 of 2020 when the economy recorded a GDP growth rate of 0.11% as against the growth rate recorded in Q3 of the same year which was -3.62%...
 
More details through:
https://dailytrust.com/nigerias-gdp-records-3-4-growth-highest-since-2014
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