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NIGERIA’S GDP GROWTH RATE SLOWING DOWN AT 6.28% FOR Q2 2012

Ugodre Obi-chukwubyUgodre Obi-chukwu
11 years ago
in Uncategorized
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The National Bureau of Statistics just released its Q2 GDP report for 2012 showing a growth rate of 6.28% with the nominal GDP rising to N9,840,226.91. The report also indicates Oil Production was at 2.3mbpd as against 2.45mbpd same period last year. The Non Oil sector remained the most contributor of growth to the GDP at 7.5% for the second quarter of 2012. Whilst this is expected, the fact that the gap is widening means bodes well for an economy that is seeking to move away from dependence of oil.

 

 

 

 

 

Tags: News Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

Comments 4

  1. ugodre says:
    September 17, 2012 at 12:46 pm

    NIGERIA’S GDP GROWTH RATE SLOWING DOWN AT 6.28% FOR Q2 2012 https://t.co/S7KB4DBF

    Reply
  2. resourcedat says:
    September 17, 2012 at 12:46 pm

    NIGERIA’S GDP GROWTH RATE SLOWING DOWN AT 6.28% FOR Q2 2012 https://t.co/CqkS0Zs0

    Reply
  3. ugodre says:
    September 19, 2012 at 1:34 am

    BLOG POST:: NIGERIA’S GDP GROWTH RATE SLOWING DOWN AT 6.28% FOR Q2 2012 – The National Bureau of Statistics just… https://t.co/EE8ZoTpa

    Reply
  4. 100000522911597 says:
    September 20, 2012 at 8:12 pm

    oh no naija. Leaders why lacking fuel in ABUJA. after all we are number 10 crude iol exporting country.

    Reply

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