According to the latest report by the National Bureau of Statistics, (NBS), that was released on monday morning, it was revealed that the Nigerian economy has expanded by 2.55% at the end of last year as compared to the corresponding period of 2018.
When pitched against the growth rate of 2018, which stood at 2.38%, the 2019 figure recorded an increase of 0.17% year on year.
The 2019 Gross Domestic Product (GDP) growth rate of 2.55% translated to a 0.27% increase over the third quarter GDP of the year under review.
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“The strong fourth quarter 2019 growth rate also represented the highest quarterly growth performance since the 2016 recession.
“Overall, this resulted in annual 2019 real growth rate of 2.27%, compared to 1.91% in 2018. Quarter on quarter, real GDP growth was 5.59%,” the NBS
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