Nigeria’s GDP Grows By 2.28% In Third Quater Of 2019

Data made available by the National Bureau of Statistics (NBS) shows that Nigeria’s gross domestic product (GDP) grew by 2.28% in the third quarter of 2019.

This is 0.17 percentage points higher than the 2.12% revised GDP growth recorded in the second quarter.

The GDP report released which was released on Friday shows that the average daily oil production in the quarter was 2.04 million barrels per day (mbpd).

The growth rate in Q3 of 2019 represents the second-highest quarterly rate recorded since 2016.