Q1 2021: Nigeria’s GDP grows 0.51% on N4.36trn nominal expansion

Q1 2021: Nigeria’s GDP grows 0.51% on N4.36trn nominal expansion

Q1 2021: Nigeria’s GDP grows 0.51% on N4.36trn nominal expansion Nigeria’s Gross Domestic Product grew by 0.51% (year-on-year) in real terms in the first quarter of 2021. This is slower than the 1.87% growth recorded in the corresponding quarter of 2020 but higher than 0.11% recorded in the previous quarter (Q4 2020). This is contained in the Nigerian Gross Domestic Product report, recently released by the National Bureau of Statistics (NBS). According to the report, aggregate GDP stood at N40.01 trillion in nominal terms as against N35.65 trillion recorded in Q1…

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