Nigeria’s GDP Contracts By -0.52% In First Quarter Of 2017

Nigeria’s Gross Domestic Product (GDP) has contracted by – 0.52 per cent in the first quarter of 2017.

This was revealed on Tuesday in a report from the National Bureau of Statistics.

More Images

The data which is 0.15 per cent higher than the rate recorded in the corresponding quarter of 2016, represents the fifth consecutive quarter of contraction.

The Statistician-General of the Federation, Dr Yemi Kale, however, said this is but the best performance in four quarters.

Aggregate GDP was put at 26.02 trillion Naira, leading to a nominal GDP growth of 17.06 per cent.

Oil GDP contracted by -11.64 per cent, while non-oil GDP grew by 0.72 per cent, its best performance in four quarters.

Iykerom.blogspot.com

Comments

An analysis of Anthony Joshua’s tattoo

British- Nigerian boxer , Anthony Joshua , currently is basking in the euphoria of his victory over 41 - year -old Vladimir Klitschko but it is worthy to take a look at soft part of the man himself – his tattoo.

OSINBAJO: We need to work quickly to correct things

Vice President Yemi Osinbajo says the Federal Government is ready to walk its talk on the matter of making Nigeria a destination of choice in the area of conducting business. He reiterated government’s position just few days after the Presidential Enabling Business Environment Council, PEBEC, adopted a 60-day Action Plan to push Ease of Doing Business reforms in the country. In what may have signaled the administration’s seriousness, Osinbajo paid a surprise visit to Nigeria’s major international airport in Lagos, declaring an urgent task to correct many of the problems already identified by the Council.

Grim Row in ABA

The Governorship Candidate of the Labour Party (LP). Hon. Alex Otti. Have cried, of the deplorable state of Faulks Road, Aba, which aptly captures the current reality in Abia. And stated that this should make the good people of the state more determined to reclaimed their state from those who have kept it in such pitiable state. He reiterated that state deserve better, and better governance they shall get come 2023. This Fueld a lot of replies: For more news; sign up and make your comments @: iykerom.blogspot.com

Madeline