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Feb 2020


Nigeria’s economic growth improves to 2.3% in FY’2019 – Strongest since the recession

According to the National Bureau of Statistics (NBS), the Nigerian economy grew faster by 2.3% in FY’2019 compared with a growth of 1.9% in 2018. Similarly, the economy expanded by 2.6% in Q4’2019, which represents an improvement over economic growth in the corresponding quarter of 2018 (2.4%) and the third quarter of 2019 (2.3%). It is also the strongest Q4 growth since the recovery of the economy from recession in Q2’2017. In nominal terms, the economy expanded by 12.9% to N144.2 trillion (or $471.2 billion) in 2019 from N127.7 trillion (or $417.3 billion) in 2018. Correspondingly, per capita income grew by 10.1% to $2,258 in 2019 from $2,051 in 2018.




,The Nigerian Economic Summit Group, The NESG, think-tank, think, tank, nigeria, policy, nesg, africa, number one think in africa, best think in nigeria, the best think tank in africa, top 10 think tanks in nigeria, think tank nigeria, economy, business, PPD, public, private, dialogue, Nigeria, Nigeria PPD, NIGERIA, PPD, The Nigerian Economic Summit Group

,The Nigerian Economic Summit Group, The NESG, think-tank, think, tank, nigeria, policy, nesg, africa, number one think in africa, best think in nigeria, the best think tank in africa, top 10 think tanks in nigeria, think tank nigeria, economy, business, PPD, public, private, dialogue, Nigeria, Nigeria PPD, NIGERIA, PPD, The Nigerian Economic Summit Group