Nigeria’s GDP growth rate contracted to -1.30% in Q4

*Nigeria opportunities.

28 February 2017, Abuja — Nigeria’s real Gross Domestic Product (GDP) growth rate contracted to -1.30 percent in the fourth quarter of last year (Q4 2016) compared to -2.26 percent in the previous quarter, the 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 percent growth rate recorded in Q4 2015.

*James Emejo – Thisday

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