Nigeria: Despite Exiting Recession, Govt Admits Growth Remains Fragile

6 September 2017

Abuja — The federal government's reaction Tuesday to the news of Nigeria's emergence from the economic recession was subdued, as the government admitted that the country's economic growth remained fragile and vulnerable, despite the cheering news from the National Bureau of Statistics (NBS) that the economy grew by 0.55 per cent in the second quarter of 2017, after five consecutive quarters of contraction.

The NBS Tuesday confirmed THISDAY's exclusive report that the country's gross domestic product (GDP) had grown by 0.55 per cent in Q2 2017, from -0.91 per cent in Q1 2017 and -1.49 per cent in Q2 2016.

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