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NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 (5200 Views)

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NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by maximunimpact(m): 12:45pm On May 21, 2018
Nigeria’s Gross Domestic Product grew by 1.95 per cent year-on-year in real terms in the first three months of this year.

The National Bureau of Statistics stated this on Monday in its GDP report for the first quarter of 2018.

“This shows a stronger growth when compared with the first quarter of 2017 which recorded a growth of -0.91 per cent, indicating an increase of 2.87 per cent points,” the NBS said.

It said compared to the preceding quarter, there was a decline of -0.16 percentage points from 2.11 per cent.

“Quarter on quarter, real GDP growth was -13.40 per cent,” the bureau said, adding that the oil production estimates for the third and fourth quarters of 2017 had been revised and oil GDP for those quarters had been adjusted accordingly.

The NBS said, “Still on the first quarter of 2018, aggregate GDP stood at N28,464,322.01m in nominal terms. This performance is higher when compared to the first quarter of 2017, which recorded a nominal GDP aggregate of N26,028,356.03m, thus presenting a positive year-on-year nominal growth rate of 9.36 per cent.

“This rate of growth is, however, lower relative to growth recorded in Q1 2017 by -7.70 per cent points at 17.06 per cent but higher than the proceeding quarter by 2.14 per cent points at 7.22 per cent. To give a clearer depiction, the Nigerian economy has been classified broadly into the oil and non-oil sectors.”

https://www.financialwatchngr.com/2018/05/21/nbs-latest-report-says-nigeria-economy-grew-by-1-95-in-q1-2018/

6 Likes

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by HtwoOw: 1:05pm On May 21, 2018
While i can't jubilate yet

I am certain some idiats will call it propaganda

but in reality , they like reports from NBS,CNN and other things

I remember report from transparency international where they said Corruption grew under buhari

Trump's remark on Boko haram


But good news is never good enough for wailers


Please don't bother to mention me , no time to check time

31 Likes 4 Shares

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by PassingShot(m): 1:08pm On May 21, 2018
Buharinomics at work. This is real growth and not paper growth.

If you doubt this report, kindly check yourself into the closes psychiatric hospital close to you for proper treatment.

Mr. Infrastructure is surely putting Nigeria back on the right track and bringing back our lost glories.

PMB till 2023

28 Likes 5 Shares

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by ask4double(m): 1:19pm On May 21, 2018
Rubb1sh! how does this positively affect the so called "common man" on the street. NO amount of propaganda by paid/sponsored propagandist will stop us from coming out of APC cocoon come 2019......

2 Likes

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by ekestic1976(f): 1:19pm On May 21, 2018
"Believe this, you believe anything"!

2 Likes

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by Joseunlimited(f): 1:19pm On May 21, 2018
Dont give them any accolades

2 Likes

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by humblenature: 1:20pm On May 21, 2018
lipsrsealed

"How and when did it grow?

Even Aki and pawpaw sef is even taller than Nigeria.

Nigeria is shrinking under buhari.

2 Likes

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by Nobody: 1:20pm On May 21, 2018
Who dey believe all these frame up reports with no positive impact on the economy.

Make Una park well abeg.

1 Like

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by rxmusa(m): 1:21pm On May 21, 2018
Sai BABA till 2019

5 Likes

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by slimdamatrix1(m): 1:21pm On May 21, 2018
The Nigerian economy keeps growing yet the standard of living isn't improving...

Sad!

2 Likes

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by Nobody: 1:22pm On May 21, 2018
Nigeria is better than China, Japan & USA combined together only on paper cheesy









Check my siggy

1 Like

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by slimdamatrix1(m): 1:22pm On May 21, 2018
rxmusa:
Sai BABA till 2019

I'm afraid it is not his doing.
Do your research!
Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by continentalceo(m): 1:22pm On May 21, 2018
They have come again, statistics with no reflection on the day to day lives of nigerians. All I can say is that bogus statistics no help anybody, we want to see physical developments and growths. #GETYOURPVC

Ignorant people already celebrating numbers, when some of them depend on thier monthly 30k BMC allowance to survive. Lack of exposure truely sucks. Other countries are have developed thier countries and are now going to other planets to build space stations , but in nigeria we are celebrating numbers while hunger and pain is our mantra. And some ignoramus are saying baba is working.
Wheew! Nija which way? If only these Hungry BMC crew know were the Airport in thier states are. Go to countries like South Africa, Egypt, Morocco, Ethiopia and even Kenya and see what is happening. Say Baba my foot. Ignorant Lots!

2 Likes

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by kurt09(m): 1:22pm On May 21, 2018
maximunimpact:
Nigeria’s Gross Domestic Product grew by 1.95 per cent year-on-year in real terms in the first three months of this year.

The National Bureau of Statistics stated this on Monday in its GDP report for the first quarter of 2018.

“This shows a stronger growth when compared with the first quarter of 2017 which recorded a growth of -0.91 per cent, indicating an increase of 2.87 per cent points,” the NBS said.

It said compared to the preceding quarter, there was a decline of -0.16 percentage points from 2.11 per cent.

“Quarter on quarter, real GDP growth was -13.40 per cent,” the bureau said, adding that the oil production estimates for the third and fourth quarters of 2017 had been revised and oil GDP for those quarters had been adjusted accordingly.

The NBS said, “Still on the first quarter of 2018, aggregate GDP stood at N28,464,322.01m in nominal terms. This performance is higher when compared to the first quarter of 2017, which recorded a nominal GDP aggregate of N26,028,356.03m, thus presenting a positive year-on-year nominal growth rate of 9.36 per cent.

“This rate of growth is, however, lower relative to growth recorded in Q1 2017 by -7.70 per cent points at 17.06 per cent but higher than the proceeding quarter by 2.14 per cent points at 7.22 per cent. To give a clearer depiction, the Nigerian economy has been classified broadly into the oil and non-oil sectors.”

https://www.financialwatchngr.com/2018/05/21/nbs-latest-report-says-nigeria-economy-grew-by-1-95-in-q1-2018/

Mynd44, Lalasticlala, Seun
Yes oh. Buhari till 2023. Join us today!

5 Likes

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by semyman: 1:23pm On May 21, 2018
Please admin and the site operators, I am pleading for fairness in taking off members from the forum. What is good for the goose is equally good for the gander. enough said
Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by APCsupporter: 1:26pm On May 21, 2018
PassingShot:
Buharinomics at work. This is real growth and not paper growth.

If you doubt this report, kindly check yourself into the closes psychiatric hospital close to you for proper treatment.

Mr. Infrastructure is surely putting Nigeria back on the right track and bringing back our lost glories.

PMB till 2023

It is crystal clear that Buhari met a brutalized and doomed economy so the hardship was imminent. Buhari really deserves a 2nd term

10 Likes 1 Share

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by Nobody: 1:29pm On May 21, 2018
APCsupporter:


It is crystal clear that Buhari met a brutalized and doomed economy so the hardship was imminent. Buhari really deserves a 2nd term
sai baba

6 Likes

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by dahmie2013: 1:30pm On May 21, 2018
NBS is really doing a good job. Dey feed us with info as and wen due. I neva knew deir relevance until recently wen dey post figures & tell us how d economy is fairing.
Nice one!

1 Like 1 Share

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by KrystosCJ(m): 1:30pm On May 21, 2018
Economy grew by X% but it has not translated to anything meaningful to the common man. What does the percentage represent to the development of the Nigerian society?

Just another point for them to use in their campaigns, comparison wars and media chitchats that amount to nothing but self-aggrandizing propaganda.

1 Like

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by Dollyak(f): 1:30pm On May 21, 2018
This is still a relatively poor growth considering Nigeria is an emerging market. You can't break out of poverty with such low growth and it also shows the need to diversify. Oil and agriculture aren't going to produce the magic 5-7% growth anymore.
Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by Nobody: 1:30pm On May 21, 2018
ask4double:
Rubb1sh! how does this positively affect the so called "common man" on the street. NO amount of propaganda by paid/sponsored propagandist will stop us from coming out of APC cocoon come 2019......

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by RuthlessLeader(m): 1:32pm On May 21, 2018
I wonder why zombies and BMC were quiet on 72 APC state chairmen thread but are now making noise on economic growth that is not affecting anybody in this country.
Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by Nobody: 1:32pm On May 21, 2018
Nigeria can only get better

for your goal goal predictions, check https://www.facebook.com/Goal-Bet-1925461904193436/
Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by Nobody: 1:33pm On May 21, 2018
Nah who dem dey deceive? I will only believe this paper economic growth when their is improvement in standard of living.
Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by Nobody: 1:35pm On May 21, 2018
ekestic1976:
"Believe this, you believe anything"!
It's true, The money market has been on a steady fall since the second quarter of the year even Treasury bills rate is coming down to 9%. That's a sign of a healthy economy.

People like me in the money market need that inflation to make good money but for now, the economy is thriving real fine.

2 Likes

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by Ijaya123: 1:36pm On May 21, 2018
Just a matter of time -James Hadley Chase
Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by fxjunkie(m): 1:40pm On May 21, 2018
From being one of the fastest growing economies in the world to growing at 1.95% per year. Sai baba!

2 Likes

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by continentalceo(m): 1:41pm On May 21, 2018
[quote author=continentalceo post=67748134]They have come again, statistics with no reflection on the day to day lives of nigerians. All I can say is that bogus statistics no help anybody, we want to see physical developments and growths. #GETYOURPVC

Ignorant people already celebrating numbers, when some of them depend on thier monthly 30k BMC allowance to survive. Lack of exposure truely sucks. Other countries are have developed thier countries and are now going to other planets to build space stations , but in nigeria we are celebrating numbers while hunger and pain is our mantra. And some ignoramus are saying baba is working.
Wheew! Nija which way? If only these Hungry BMC crew know were the Airport in thier states are. Go to countries like South Africa, Egypt, Morocco, Ethiopia and even Kenya and see what is happening. Say Baba my foot. Ignorant Lots!

3 Likes

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by Nobody: 1:48pm On May 21, 2018
HtwoOw:
While i can't jubilate yet

I am certain some idiats will call it propaganda

but in reality , they like reports from NBS,CNN and other things

I remember report from transparency international where they said Corruption grew under buhari

Trump's remark on Boko haram


But good news is never good enough for wailers


Please don't bother to mention me , no time to check time
The common man want food,house and education which have not been reflected in the lives with the growing economy on paper.
Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by PHIPEX(m): 1:49pm On May 21, 2018
Such a shame we are back to the growth rate we had in the 1990s. How do u explain that an economy that averaged 6 percent growth from 1999 till 2015 is now celebrating a meager 1percent. If this were to be a company, the entire economic team would have been sacked.

1 Like 1 Share

Re: NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018 by CodeTemplar: 1:50pm On May 21, 2018
PassingShot:
Buharinomics at work. This is real growth and not paper growth.

If you doubt this report, kindly check yourself into the closes psychiatric hospital close to you for proper treatment.

Mr. Infrastructure is surely putting Nigeria back on the right track and bringing back our lost glories.

PMB till 2023
This is why Buhari will continue to deliver hardship. Why will the common see these growth.

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