NIGERIA’S Gross Domestic Product (GDP) in the second quarter (Q2) of 2018 grew by 1.50per cent (year-on-year) in real terms to N16.58trillion.
This rate of growth in the second quarter of 2018 is slower compared to 1.95 per cent recorded in the first quarter of the year.
The recorded growth is driven by developments in the non-oil sector as Services sector recorded its strongest positive growth since 2016.
GDP data released by the National Bureau of Statistics (NBS) on Monday morning showed that Growth in Q2 2018 was 0.79 points higher when compared to the second quarter of 2017 which recorded a growth of 0.72per cent, but –0.45 per cent points slower than 1.95per cent recorded in the first quarter of 2018.
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