Friday, February 26News That Matters

Nigeria’s economy rebounds with 0.11% GDP growth in Q4’20

Tunde Afolabi

Nigeria’s economy re-bounded in the fourth quarter of last year (Q4’20) as the nation’s Gross Domestic Product (GDP) grew year-on-year (y/y) by 0.11 percent, with aggregate GDP at N43.5trillion. The development represents the first positive growth in the last three quarters of 2020 where GDP stood at 1.87 percent, -6.10 percent and -3.6 percent respectively. The economy however contracted by 1.92 percent for the full year 2020.

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