Q2 GDP outlook better than projected, says Presidency

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The Presidency has said the figures of the Nigerian Gross Domestic Product (GDP), recently released by the National Bureau of Statistics (NBS), presented a better performance result of the economy in the first half of this year.

The Presidency has said the figures of the Nigerian Gross Domestic Product , recently released by the National Bureau of Statistics , presented a better performance result of the economy in the first half of this year.

In a statement by the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, the Presidency noted that the Federal Government’s early realisation of the impending economic gloom and the prompt response through various interventions, including the Economic Sustainability Programme , had helped the country realise the fairer outcome.

“The overall decline of -6.1per cent and -2.18 per cent was better than the projected forecast of -7.24per cent as estimated by the National Bureau of Statistics. The figure was also relatively far better than many other countries recorded during the same quarter.

 

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