Nigeria exits recession, as GDP grows by 0.11% in Q4 2020
Data from the latest report by the National Bureau of Statistics, released on Thursday, shows that Nigeria’s Gross Domestic Product (GDP) grew by 0.11% (year-on-year) in real terms in the fourth quarter of 2020, representing the first positive quarterly growth in the last three quarters.
Though weak, the NBS stated that the positive growth reflects the gradual return of economic activities following the easing of restricted movements and limited local and international commercial activities in the preceding quarters.
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