Home NewsBusiness News According to NBS Nigeria’s economy grew by 2.27% in 2019

According to NBS Nigeria’s economy grew by 2.27% in 2019

by Hafeestonova

According to the Gross Domestic Product report   released by the National Bureau of Statistics for the 2019 fiscal year, there was an economic growth of 2 .27 per cent in 2019 .

The annual GDP growth rate of 2 .27 per cent, represents an increase of 360 basis points over the growth rate of 1 .91 per cent recorded in 2018. The report said that during the fourth quarter of 2019 , Nigeria’s GDP grew by 2 .55 per cent (year – on- year ) in real terms.

The strong fourth quarter 2019 growth rate, the NBS noted , also represented the highest quarterly growth performance since the 2016 recession .

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