According to the latest data from the NBS, Nigeria recorded a GDP growth of 2.84percent in real terms between July and September 2015. This reflects a 0.49percent increase from the second quarter.
The data shows the oil sector up 1.06 in the third quarter and better than the second quarter by 14.35percent. The oil sector contributed 10.27percent to Nigeria’s total real GDP.
The latest statistics also shows agriculture output grew higher by 3.46percent, manufacturing stronger by 4.80percent, while trade and services grew by 14.68percent in nominal terms during the period under review.
Nigeria’s economy also returned to growth as inflation also dropped at 9.3percent in October.
By Olisemeka Obeche