“Notably, the growth recorded in the fourth quarter of 2018 (Q4 2018) was higher than both the growth of 1.81% in Q3 2018 and in the corresponding fourth quarter of 2017. Indeed, quarter-on-quarter growth from Q3 2018 to Q4 2018 was 5.31%, which signals a great potential for a higher annual growth rate. The non-oil sector grew at 2.7% in Q4 2018 as compared to 1.14% in the oil sector. The share of the non-oil sector in GDP was 92.94% while the oil sector contributed 7.06%. “It was encouraging that agriculture which accounts for 26.15% of total GDP grew by 2.46% in Q4 2018, while manufacturing grew by 2.09%.

Source: Nigerian Tribune February 12, 2019 17:26 UTC