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Research Document: NESG 2021Q1 GDP Report May 2021


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Posted Thu, May 27, 2021 11:08 AM

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Nigerian economy continued on its recovery path, grew by 0.5% in 2020Q1

According to National Bureau of Statistics (NBS), the Nigerian economy expanded by 0.5% in the first quarter of 2021. This is the second positive quarterly growth after Nigeria exited the recession in the fourth quarter of 2020 with a growth of 0.1%. It is, however, a slower growth when compared with the real GDP growth in the corresponding period of 2020 (1.9%). In nominal terms, the size of the economy in the first quarter of 2021 stood at N40 trillion (US$105 billion

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All text, graphics, audio files, code, downloadable material, and other works on this web site are the copyrighted works of the Nigerian Economic Summit Group (NESG).