GDP: Nigeria Grows By 1.94% In Q2 2019 — NBS - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
September 3, 2019
TheNational Bureau of Statistics NBS says the nation’s Gross Domestic Product, GDPgrows by 1.94 per cent year-on-year in real terms in the second quarter of2019.
The NBSsaid this in its “Nigeria GDP Report for Second Quarter 2019’’ released ontoday in Abuja.
Accordingto the NBS, the figure indicates an increase of 0.44 per cent compared to agrowth rate of 1.50 per cent recorded in the second quarter of 2018.
It howeversaid, the figure, when compared to 2.10 per cent revised from 2.01 per cent dueto oil output revisions recorded in the first quarter of 2019, showed a declineof –0.16 per cent points.
Accordingto 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 of2018 and 9.8 per cent over the preceding quarter.
The bureausaid the figure was higher than 28.43 million naira recorded in the firstquarter of 2018, representing a year-on-year nominal growth rate of 11.80 percent.