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November 20, 2017:\u00a0Nigeria\u2019s economy has consolidated its exit from the recession as the nation\u2019s Gross Domestic Product (GDP) in Q3 2017 by 1.40% (year-on-year).<\/p>\n
The record which was released on Monday morning, November 20 by the<\/p>\n
National Bureau of Statistics (NBS), released the records on Monday, 20th November 2017 which showed that the 1.4% growth was the second consecutive positive growth since the emergence of the economy from recession in Q2 2017.<\/p>\n
The NBS report says the growth is 3.74% points higher than the rate recorded in the corresponding quarter of 2016 ( \u20132.34%) and higher by 0.68% points from the rate recorded in the preceding quarter, which was revised to 0.72% from 0.55%.<\/p>\n
The Q2 was revised following revisions by Nigerian National Petroleum Corporation (NNPC) to oil output and hence led to revisions to oil Gross Domestic Product (GDP).<\/p>\n
Similarly, the quarter on quarter, real GDP growth was 8.97% year to date real GDP growth stands at 0.43% in the quarter under review.<\/p>\n
The aggregate GDP stood at N29,451,303.99million in nominal terms higher compared to N26,537,651.01 million in Q3 2016, resulting in a Nominal GDP growth of 10.98%.<\/p>\n
The growth is, however, higher relative to growth recorded in Q3 2016 of 9.15%.<\/p>\n
Recall the Nigeria came officially out of on Tuesday morning, September 5, 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"
November 20, 2017:\u00a0Nigeria\u2019s economy has consolidated its exit from the recession as the nation\u2019s Gross Domestic Product (GDP) in Q3 2017 by 1.40% (year-on-year). The record which was released on Monday morning, November 20 by the National Bureau of Statistics (NBS), released the records on Monday, 20th November 2017 which showed that the 1.4% growth […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[66],"tags":[],"class_list":["post-2779","post","type-post","status-publish","format-standard","hentry","category-top-news","entry"],"yoast_head":"\n