Nigeria’s GDP Grows 2.38 Per Cent In Fourth Quarter Of 2018

Nigeria’s GDP has grown 2.38 per cent in real terms within the fourth quarter of 2018, showing a 0.27 per cent jump over the fourth quarter of 2017.

The Real GDP growth posted 5.31 per cent on a quarter-on-quarter basis, with an annual growth rate of 1.93 per cent printed for the fiscal year of 2018.

While the aggregate nominal GDP was at NGN 35.230bn, a higher 12.65 per cent from NGN 31.275bn recorded in the fourth quarter of 2017.

Nigeria’s nominal GDP for the fiscal year of 2018 was at NGN127.76bn, posting a nominal growth rate of 12.36 per cent above the fiscal year of 2017 level of NGN 113.71bn.

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