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LequteMan
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Nigeria’s real Gross Domestic Product has plunged to 2.35 per cent in the second quarter of 2015, compared to 6.54 per cent in the same period last year, the National Bureau of Statistics said on Tuesday.
This represents a 40 per cent decline from the 3.96 per cent recorded in the first quarter of this year.
The GDP for the fourth quarter of 2014 was 5.9%.
The GDP is a measure of economic activity which captures the value of goods and services that a country produces during a given period.
The Statistician-General of the Federation/Chief Executive Officer, NBS, Dr. Yemi Kale, who released the GDP report for the second quarter of 2015 also revealed that the growth rate of major economic sectors have reduced.
Punch
This represents a 40 per cent decline from the 3.96 per cent recorded in the first quarter of this year.
The GDP for the fourth quarter of 2014 was 5.9%.
The GDP is a measure of economic activity which captures the value of goods and services that a country produces during a given period.
The Statistician-General of the Federation/Chief Executive Officer, NBS, Dr. Yemi Kale, who released the GDP report for the second quarter of 2015 also revealed that the growth rate of major economic sectors have reduced.
Punch
