DEVELOPING STORY: Nigeria records 5.01% GDP growth in Q2 2021 – NBS

Nigeria has recorded a Gross Domestic Product (GDP) growth of 5.01% in the second quarter of 2021.

This is the highest economic growth recorded under the President Muhammadu Buhari administration in six years.

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The National Bureau of Statistics (nbs), in its Q2 GDP report, said the 5.01% growth rate recorded year on year, was higher than the -6.1% growth recorded in Q2 2020 and the 0.51% recorded in Q1 2021.

The NBS said the GDP figure was indicative of the return of business and economy activity levels seen prior to the nationwide implementation of COVID-19 related restrictions.

Details later…