The National Bureau of Statistics, NBS said Nigeria’s Gross Domestic Product recorded a positive growth as the non-oil sector grew in real terms by 0.41 per cent in first quarter of 2019.
The bureau in its “Nigerian GDP Report for first quarter, 2019” posted on its website said the GDP grew by 2.01 per cent in real terms year-on-year in the period under review.
It said the non-oil sector recorded a GDP growth rate of 90.86 per cent in the first quarter 2019 compared to 90.45 per cent recorded in the first quarter of 2018.
On a quarter-on-quarter basis, it said the non-oil sector, however, declined in real terms to 2.47 per cent in the first quarter, 2019 compared to 2.7 per cent recorded in the fourth quarter, 2018.
Meanwhile, it said the contribution of the oil sector to the GDP declined by -0.41 per cent in the period under review.
It said the oil sector
grew by 9.14 per cent in the first quarter 2019, compared to 9.55 per cent
recorded in the fourth quarter 2018.
