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.

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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

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