Nigeria’s Gross Domestic Product (GDP) has grown for the first time in 2015, the National Bureau of Statistics (NBS) has revealed.
According to the latest dater from the NBS Nigeria has recorded a GDP growth of 2.84percent in real terms during the month of July to September 2015.
This reflects a 0.49percent increase from the second quarter.
The data shows the oil sector up 1.06 in the third quarter and better than the second quarter by 14.35percent. The oil sector contributed 10.27percent to Nigeria’s total real GDP.
The latest statistics also shows agriculture output higher by 3.46percent, manufacturing stronger by 4.80percent, while trade and services grew by 14.68percent in nominal terms during the period under review.
Normal.dotm
0
0
1
124
711
huhuonline
5
1
873
12.0
0
false
18 pt
18 pt
0
0
false
false
false
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:12.0pt;
font-family:”Times New Roman”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;}
Nigeria’s economy returns to growth as inflation also drops at 9.3percent in October.
