Nigeria’s GDP Contracts by 1.92% in 2020, Says NBS

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    National Bureau of Statistics (NBS) on Thursday says Nigeria’s Gross Domestic Product (GDP) contracts by 1.92per cent in real terms in 2020 from N71.39 trillion recorded in 2019 to N70.01 trillion.

    According to Gross Domestic Product Report released by NBS, the economy posted real GDP growth of 0.11 per cent in the fourth quarter of the year, suggesting that the economy is exiting the COVID-19 induced recession.

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