Simon Harry, the statistician-general of the federation, has announced that the nation’s economy grew by 4.03 percent in the third quarter of 2021 (Q3 2021).
He said this on Thursday in Abuja at a media conference on the present state of the nation’s gross domestic product (GDP).
Harry explained that the negative GDP figures recorded in 2020 as a result of the COVID-19 pandemic had serious base effects on the GDP figures for the second and third quarters of 2021.
“You will recall that the contraction of quarters two and three of 2020 has resulted in positive growth as recorded consecutively for the last three-quarters of quarter four, 2020 with 0.11 percent, quarter one, 2021 with 0.51 percent and quarter two 2021 with 5.01 percent,” he said.
“These base effects continued to quarter three of 2021 recording a growth of 4.03 percent.” (The Cable)
