Nigeria’s economy grew 1.9% in 2018, says NBS - News Summed Up

Nigeria’s economy grew 1.9% in 2018, says NBS


Nigeria’s economy grew 1.9 per cent in 2018, the National Bureau of Statistics said on Tuesday, just days from an election in which the pace of growth is a campaign issue. The NBS said gross domestic product also rose by 2.38 per cent in the fourth quarter of 2018 compared to the same quarter in 2017. Growth accelerated from the 1.81 per cent expansion in the third quarter. Buhari’s administration is targeting three per cent growth in 2019, which is still only just above the 2.6 per cent expansion rate of Nigeria’s population. He is facing a stiff challenge from businessman and former vice president Atiku Abubakar.


Source: Punch February 12, 2019 12:34 UTC



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