The Nigerian economy grew by 0.82 % in 2017, the National Bureau of Statistics stated in a release on Tuesday, February 27.
The 0.82 % growth in Gross Domestic Product (GDP) is an improvement over the contraction of -1.58% which the economy recorded in 2016 during the period of recession.
The NBS attributed the GDP growth in the fourth quarter of 2017 to growth in crop production, crude production and natural gas, metal ores, construction, transportation and storage, trade, electricity and gas production.
It said crop production grew by 4.58 per cent in the fourth quarter of 2017 compared to 3.19 per cent in the third quarter 2017.
The bureau stated that crude production by 8.38 per cent in the fourth quarter of 2017 compared to 25.89 per cent in the third quarter of 2017.
It said Metal Ore grew by 31.86 per cent in the fourth quarter of 2017 compared to 10.70 per cent in the third quarter of 2017.
Source: Naija.ng
from Nigeria News today & Breaking news ▷ Read Nigerian newspapers 24/7 http://ift.tt/2CoFtB2
via IFTTT
No comments:
Post a Comment