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    Economy: Presidency praises Q3 increase in GDP

    The presidency said the 1.4% increase in GDP is a clear indication that the Nigerian economy has improved further. The presidency has hailed the new report by the National Bureau of Statistics (NBS) indicating a 1.4% increase in Nigeria’s Gross Domestic Product (GDP) on Monday, November 20, 2017.According to the report titled, ‘Nigeria Gross Domestic Product Report’, the increase is the second consecutive positive growth after the country officially exited recession in the second quarter of 2017.In reaction to the report, a statement signed by Vice President Yemi Osinbajo’s spokesperson, Laolu Akande, said the increase is a clear indication that the Nigerian economy has improved further with oil, agriculture and industrial sectors leading the charge.

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