Tuesday, 28 February 2017 17:35

Nigeria’s GDP contracted further 1.30 percent in Q4 2016

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Nigeria’s real Gross Domestic Product (GDP) contracted by 1.30 per cent in the fourth quarter of last year (Q4 2016) compared to -2.26 per cent growth in the previous quarter, National Bureau of Statistics (NBS) stated on Tuesday.

Though the decline was less severe than the contraction in the previous quarter, it was nevertheless lower than the 2.11 per cent growth rate recorded in Q4 2015.

 

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