The National Bureau of Statistics on Mon released the Gross Domestic Product increase charge per unit of measurement for the instant quarter of this year, amongst the economic scheme recording a reject inwards surgery from 1.95 per cent inwards the offset quarter to 1.5 per cent.
The bureau, inwards the study which was made available to our correspondent, said the instant quarter increase charge per unit of measurement was constrained past times contractions inwards petroleum GDP.
It said petroleum gross domestic product contracted past times -3.95 per cent inwards the instant quarter, equally against 14.77 per cent inwards the offset quarter of this twelvemonth in addition to 3.53 per cent inwards the instant quarter of 2017.
The study said for the offset fourth dimension since Nigeria’s choke from recession, increase was driven past times the non-oil sector, which grew past times 2.05 per cent, representing the strongest increase inwards non-oil gross domestic product since the 4th quarter of 2015.
The 2.05 per cent increase charge per unit of measurement is higher than the 0.76 per cent increase which the sector recorded inwards the offset quarter of this year.
It added that non-oil gross domestic product increase which was 0.72 per cent inwards the offset quarter of 2017, 0.45 per cent, -0.76 per cent, 1.45 per cent inwards the second, 3rd in addition to 4th quarters of 2017 grew past times 2.05 per cent inwards the instant quarter of this year.
The study added, “Non-oil increase was driven past times shipping which grew past times 21.76 per cent supported past times increase inwards structure which grew past times 7.66 per cent in addition to electricity which grew past times 7.59 per cent.
“Other non-oil sectors that drove increase inwards Q2 2018 include telecommunications which grew past times 11.51 per cent, H2O provide in addition to sewage which grew past times 11.98 per cent in addition to broadcasting which grew past times 21.92 per cent.
“The not petroleum sector surgery was withal constrained past times agriculture that grew past times 1.3 per cent compared to 3 per cent inwards Q1 2018 in addition to 3.01 per cent inwards Q2 2017.”
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