Nigeria’s G.D.P drops in the second quarter of 2018

Nigeria’s Gross Domestic Product (GDP) slowed in the second quarter of 2018, the National Bureau of Statistics, NBS, said on Monday.
According to details of the Nigerian Gross Domestic Product Report (Q2 2018 ) released by the bureau on Monday, growth in Q2 2018 was –0.45 percent points slower than 1.95 percent recorded in the first quarter of 2018.
However, growth was 0.79 percent points higher when compared to the second quarter of 2017 which recorded a growth of 0.72 percent.
The NBS said in the second quarter of 2018, the GDP grew by 1.50 per cent in real terms to N16.58 trillion. On a quarter on quarter basis, real GDP growth was 2.94 percent.
In the quarter under review, aggregate GDP stood at N30.69 trillion in nominal terms.

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