Research Document: NESG GDP Alert for the Second Quarter of 2021


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Posted Sat, Aug 28, 2021 10:01 AM

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How did the Nigerian Economy Perform in the Second Quarter of 2021?
According to data from the National Bureau of Statistics, Nigerias real Gross Domestic Product
(GDP) grew by 5.01% to N16.7 trillion in the second quarter of 2021 (2021Q2), from N15.9
trillion in the second quarter of 2020. This represents the highest quarterly growth rate since
2014. It is also the third consecutive positive growth the economy has experienced, following
the contraction of -3.6% in the third quarter of 2020.

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