According to reports made available on Tuesday morning, September 5 by the Nigerian National Bureau of Statistics (NBS), the Nigerian economy has officially climbed out of the 5 – quarter long contraction.
The data released by the NBS shows that the economy grew by 0.55 per cent in the second quarter (Q2) of 2017, effectively removing Nigeria out of recession.
The NBS results also pointed out the four main sectors responsible for the nation’s economic recovery to be oil, agriculture, manufacturing, and trade.
