The estimate of the Buhari administration that the Nigerian economy will grow this year up to 3.5% is on course as the just released GDP figures indicate a further growth in the fourth quarter of 2017.
The Nigerian Bureau of Statistics, NBS, yesterday announced that the economy grew in the fourth quarter of 2017 by 1.92%.
In the previous quarter, i.e. third quarter of 2017, the Nigerian economy had grown by 1.4%, and this latest figure for the fourth quarter marks the third consecutive growth since emergence from recession in the second quarter of 2017.
The latest GDP figures now show the economy improving in all major sectors, including especially the non-oil sector which had contracted for quite a while.
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Nigeria’s Q4,2017 GDP:3.5% growth estimate for 2018 on course -FG
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