Nigeria’s economy has exited its recession state after the economy grew by 0.11 per cent in the fourth quarter of 2020.
The National Bureau of Statistics made the disclosure in a report released on Thursday, February 18.
The development comes after two consecutive quarters of negative growth which resulted in a recession.
The NBS report states ”Q4 2020 Real GDP grew (after previous two consecutive contractions) by 0.11 per cent (-6.10 per cent in Q2 2020; -3.62 per cent in Q3 2020; & 2.55 per cent in Q4 2019) Cumulative GDP for the whole of 2020 stood at -1.92 per cent (2.27 per cent in 2019).”
