Nigeria's GDP Growth Rate Contracted to -1.30% in Q4


James Emejo in Abuja

Nigeria’s real Gross Domestic Product (GDP) growth rate contracted to -1.30 per cent in the fourth quarter of last year (Q4 2016) compared to -2.26 per cent in the previous quarter, the National Bureau of Statistics (NBS) stated on Tuesday.

Though the decline was less severe than the contraction in the previous quarter, it was nevertheless lower than the 2.11 per cent growth rate recorded in Q4 2015.

Details later….