Nigeria's GDP Growth Slows As Oil Sector Contracts

Nigeria's economic growth slowed as it recorded a gross domestic product (GDP) of 2.01 per cent in the first quarter of 2019, compared to the 2.38 per cent recorded in the previous quarter (Q4 2018), the National Bureau of Statistics (NBS) said on Monday.

In a report published on its website, the bureau said when compared to the first quarter of 2018, which recorded a real GDP growth rate of 1.89 per cent, the first quarter of 2019 growth rate represented an increase of 0.12 percentage points

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