February 24, 2020/Cowry Asset
In line with our expectation, Nigeria’s real Gross Domestic Product grew year-on-year (y-o-y) by 2.55% to N19.53 trillion in Q4 2019, faster than 2.28% growth registered in Q3 2019. Hence, full year 2019 real GDP grew by 2.27% to N71.39 trillion (or about USD450 billion) – a little shy of IMF’s 2.30% growth estimate for 2019.
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