The Nigerian economy slipped into recession in 2016, but has posted consistent growth since then.
According to the NBS, the performance of the economy represents an increase of 0.27 per cent points when compared to the fourth quarter of 2017 which recorded a growth rate of 2.11 per cent.
The figure also indicates a rise of 0.55% points when compared with the growth rate recorded in Q3 2018.
On a quarter on quarter basis, real GDP growth was 5.31%.
“The fourth quarter growth performance implies that real GDP grew at an annual growth rate of 1.93% in 2018, compared to 0.82% recorded in 2017, an increase of 1.09% points”, NBS said.
During the quarter, aggregate nominal GDP stood at N35.23 trillion, which is higher than N31.275 trillion recorded in Q4 2017, a nominal growth rate of 12.65%.
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