Nigeria’s Gross Domestic Product (GDP) grew by 2.28%, year-on-year, in the third quarter of 2019 according to the National Bureau of Statistics, NBS.
In its report released on Friday, NBS says compared to the third quarter of 2018 which recorded a growth of 1.81%, the real GDP growth rate observed in the third quarter of 2019 indicated an increase of 0.47% points.
“Relative to the second quarter of 2019, which recorded a growth rate of 2.12%, Q3 2019 represents an increase of 0.17% points,” it says.
On a quarter on quarter basis, however, the NBS says real GDP grew by 9.23%.
