Business

Presidency celebrates 2.38% GDP growth for Q4, 2018

Published

8 years ago

February 14, 2019

The Presidency celebrates that Nigeria’s gross domestic product (GDP) figures that recorded an improvement in the fourth quarter of 2018, is an indication of the effectiveness of the economic policies of the Buhari administration.

According to the National Bureau of Statistics (NBS), the GDP figure for the last quarter of 2018 is 2.38 per cent, reflecting a continuous growth.

Special Adviser to the President on Economic Matters, Adeyemi Dipeolu, said the latest figures show appreciable improvement in the growth performance of the economy.

Dipeolu noted that the growth recorded in the fourth quarter of 2018 was higher than both the growth of 1.8% in q3 of 2018 and in the corresponding fourth quarter of 2017.

The Special Adviser on Economic Matters expressed confidence that with the maintenance of this trend, the economic diversification objectives of the economic recovery and growth plan are well on their way to being met.

He said the Buhari administration will continue to pursue the ERGP diligently and Nigerians can expect that economic conditions will continue to get better.