National Bureau Of Statistics: Nigeria's economy grows by 0.82 percent to solidify exit from recession.

The Nigerian economy grew by 0.82 percent in 2017, to consolidate a post-recession period.

The Nigerian economy improved by 0.82 percent in 2017; according to latest figures released on Tuesday by the National Bureau of Statistics (NBS).

The 0.82 growth rate represents the cumulative 2017 Gross Domestic Product  (GDP) ratio for the Nigerian economy.

Nigeria slipped into a recession in August 2016 following two consecutive quarters of negative growth.

The Nigerian economy contracted by -1.58 percent in 2016.

Oil still gold

On September 5, 2017, the National Bureau of Statistics (NBS) announced that Nigeria had emerged from its worst recession in 29 years.

Nigeria’s GDP grew by 0.55% in Q2 2017 compared to -0.91% (revised) in Q1 2017 and -1.49% in Q2 2016.

By Jude Egbas.

Full story at Pulse NG.