The Nigerian economy grew by 0.82 % in 2017, the National Bureau of Statistics stated in a release on Tuesday, February 27.
The 0.82 % growth in Gross Domestic Product (GDP) is an improvement over the contraction of -1.58% which the economy recorded in 2016 during the period of recession.
In the report which contained the full details of economic growth in the country in 2017, the NBS attributed the GDP growth in the fourth quarter of 2017 to growth in crop production, crude production and natural gas, metal ores, construction, transportation and storage, trade, electricity and gas production.
It said crop production grew by 4.58 % in the fourth quarter of 2017 compared to 3.19 % in the third quarter 2017.
The bureau stated that crude production by 8.38 % in the fourth quarter of 2017 compared to 25.89 % in the third quarter of 2017.
It said Metal Ore grew by 31.86% in the fourth quarter of 2017 compared to 10.70% in the third quarter of 2017.
Below is the NBS report showing growth recorded in some sectors of the Nigerian economy in 2017:
Source: Naija.ng
ROSY CREST
Tuesday, 27 February 2018