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    Chronicle NG

    Nigeria posts record 2.27% GDP growth

    Chronicle EditorBy Chronicle EditorFebruary 24, 2020No Comments1 Min Read
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    Statistician-General of the National Bureau of Statistics (NBS), Dr Yemi Kale Inflation Nigeria manufacturing
    Statistician-General of the National Bureau of Statistics (NBS), Dr Yemi Kale
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    Nigeria’s economic growth rose to an annual rate of 2.27% in the three months to the end of December, its highest quarterly growth since a 2016 recession.

    The Nigeria Bureau of Statistics (NBS) office released the new data on Monday.

    The economy, Africa’s largest, expanded by 0.27% in the previous quarter and 0.17% in the same period a year earlier.

    The country has struggled to shake off the effects of a 2016 recession that ended the following year.

    • Malaysian PM Mahathir Mohamad resigns

    Nigeria has been grappling with low growth since then.

    Growth rose to an annual rate of 2.28% in the third quarter after production of its main export, crude oil, rose to a more than three-year high.

    Crude production in the fourth quarter stood at 2 million barrels per day, up from 1.91 million in the same period of the previous year, the statistics office said.

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    Ahmed Ododo speaking at Kogi State Security Summit in Abuja

    2026: Kogi gov urges youths to support Tinubu

    July 6, 2026
    EFCC witness reveals financial records in N8.7bn Malami trial

    Court fixes July 10 judgment in EFCC’s bid to seize 57 Malami-linked properties

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    July 6, 2026
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    FG holds meeting with Dangote, marketers on fair petrol pricing

    FG holds meeting with Dangote, marketers on fair petrol pricing

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