FINANCE - 06 SEP 2017

Q2’17 GDP: Nigeria’s Economy Expands to End Slump

Q2’17 GDP: Nigeria’s Economy Expands to End Slump
A buzzing market for African wax prints.

Nigeria’s economy grew 0.55% in the second quarter of this year as agricultural and oil output increased. This followed a revised 0.9% contraction in the first quarter. According to a Bloomberg survey of economists, the Q2’17 results missed the median growth estimate of 1.3 percent.

Advertisement
Mid Article Unit Ad

Given the relatively average performance, it is looking increasingly unlikely that President Buhari will achieve his goal to increase the economic growth rate to 7% by 2020.


 

Abdul Abdulrahim

Abdul Abdulrahim

Read Latest

Stears Business Newsletter: When and what to reopen in Nigeria

TIER 4 - 05 JUN 2020

Why agriculture is only a first step and not the final solution

ECONOMY - 05 JUN 2020

Daily Briefing: Lagos State records ₦163.2 billion revenue in Q1 2020

FINANCE - 05 JUN 2020

How experience is helping build successful startups

TIER 4 - 04 JUN 2020