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Economic and financial experts have raised concerns as the Nigerian economy grew slower in the first quarter of this year, compared to the same period of 2020.

todayMay 24, 2021 140

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Economic and financial experts have raised concerns as the Nigerian economy grew slower in the first quarter of this year, compared to the same period of 2020.

The National Bureau of Statistics said on Sunday that the Gross Domestic Product grew by 0.51 per cent in Q1 2021, compared to the 1.87 per cent growth rate recorded in Q1 2020.

The country emerged from recession in Q4 2020 as the GDP expanded slightly by 0.11 per cent, with annual real GDP growth of -1.92 per cent.

According to the report, real GDP grew at -13.93 per cent in Q1 2021, compared to Q4 2020, reflecting a generally slower pace of economic activities at the start of the year

Written by: EaglesFM

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