Nigeria economy out of recession grows by 0.11%


After two consecutive quarters of negative growth, the Nigerian economy has finally exited recession and also grew by 0.11 per cent in the latest NBS report.

“Q4 2020 Real GDP grew (after previous two consecutive contractions) by 0.11 percent (-6.10 percent in Q2 2020; -3.62 percent in Q3 2020; & 2.55 percent in Q4 2019),” the NBS reported on Thursday.

“Cumulative GDP for the whole of 2020 stood at -1.92 percent (2.27 percent in 2019).”

More to follow

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