Nigeria recorded 2.38% GDP growth in fourth quarter of 2018 – NBS

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By Toby Prince

The Nigerian Bureau of Statistics (NBS) has revealed that the country’s  gross domestic product (GDP) growth  improved by about 2.38 percent in the fourth quarter of 2018.

The growth in real terms (year-on-year) rose from about 1.81 percent in the previous quarter of the year, the report said.

The latest report coming few days to the forthcoming presidential election on Saturday, represents a 0.27 percent points increase when compared to the growth rate of 2.11 percent recorded in the fourth quarter of 2017.

Also, the NBS said the report showed a rise of about 0.55 percent points when compared with the growth rate in the third quarter of 2018, with real GDP growth on a quarterly basis of about 5.31 percent.

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