Nigeria’s economy received a positive performance report, with the Gross Domestic Product (GDP) growth at about 2.55 percent in the fourth quarter of 2019, the Nigerian Bureau of Statistics (NBS) said this morning.
The growth rate in real terms (quarter-on-quarter ) rose from about 2.28 percent in the previous quarter of the year and year-on-year by 2.38 percent, the report said.
The full-year 2019 real GDP stood at2.27 percent, higher than the 1.91 percent growth rate recorded in 2018.
The full-year 2019 figures are almost the same range predicted by the World Bank and the International Monetary Fund of 2.0 and 2.3 percent.
Also, the 2019 figure is the highest figure recorded in three years, higher than 1.91, 0.83, and -1.58 in 2018, 2017 and 2016 respectively.
