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Nigeria’s Gross Domestic Product (GDP) grew by 2.55% in real terms, in the fourth quarter (Q4) of 2019, up from 2.38% growth recorded in the fourth quarter of 2018. This means there was a 0.17% point increase in the growth of the Nigerian economy (year-on-year).
According to the data released by the National Bureau of Statistics (NBS), the growth recorded in Q4 2019 represents the highest quarterly growth performance since the 2016 recession.
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Meanwhile, the Nigerian economy grew by 2.27% annually compared to 1.91% in 2018 with a quarter on quarter growth of 5.59%.
