Nigerian Economy declines by 2.24% in Q3 as recession bites more
The Nige
rian Bureau of statistics has released the Gross Domestic Product for the third quarter of 2016.According to NBS, the Economy declined by 2.24%.
rian Bureau of statistics has released the Gross Domestic Product for the third quarter of 2016.According to NBS, the Economy declined by 2.24%.This statistics shows that, it dropped further than that of the first and second quarter.The Nigerian economy fell by 0.36 and 2.06 in the first and second quarter respectively.
For Nigeria to move out of Economic Recession, the NBS noted that ,the country must attain a GDP of 4.32%
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