The National Bureau of Statistics NBS says the nation’s Gross Domestic Product, GDP grows by 1.94 per cent year-on-year in real terms in the second quarter of 2019.
The NBS said this in its “Nigeria GDP Report for Second Quarter 2019’’ released on today in Abuja.
According to the NBS, the figure indicates an increase of 0.44 per cent compared to a growth rate of 1.50 per cent recorded in the second quarter of 2018.
It however said, the figure, when compared to 2.10 per cent revised from 2.01 per cent due to oil output revisions recorded in the first quarter of 2019, showed a decline of –0.16 per cent points.
According to the bureau, the aggregate GDP stood at 34.79 million naira in nominal terms, an increase of 13.83 per cent over the performance in the second quarter of 2018 and 9.8 per cent over the preceding quarter.
The bureau said the figure was higher than 28.43 million naira recorded in the first quarter of 2018, representing a year-on-year nominal growth rate of 11.80 per cent.
