Nigeria’s GDP Grows By 1.92% In Q4     

Channels Television  
Updated February 27, 2018


Nigeria’s Gross Domestic Product (GDP) has grown by 1.92 percent in the fourth quarter of 2017, maintaining its growth since the economy emerged from recession in the second quarter of 2017.

The full year 2017 however recorded an annual growth rate of 0.83 percent, compared to minus 1.58 percent in 2016.

The aggregate GDP was also higher at 31.209 trillion naira in nominal terms, resulting in a nominal GDP growth of 6.99 percent.

The data shows non-oil GDP grew 1.45 percent in q4 2017, while oil GDP grew 8.38 percent also in the same period.