Nigeria’s Economy Rises In Q1 2020 Amidst CoVid-19

Against the backdrop of global economic strains resulting from COVID-19 pandemic, Nigeria’s Gross Domestic Product (GDP), grew by 1.87% Year on Year (YoY) in real terms, according to the data published by the Nigerian Bureau of Statistics (NBS). The performance recorded in Q1 2020, represents a drop of -0.23% points compared to Q1 2019 and -0.68% points compared to Q4 2019, reflecting the earliest effects of the disruption, particularly on the non-oil economy. Quarter on quarter, real GDP growth was -14.27% compared to 5.59% recorded in the Q4 2019. The…

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