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Nigeria’s Economy Unexpectedly Exit Recession

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Nigeria’s economy unexpectedly exited recession in the fourth quarter of 2020.

In a statement on Thursday, the National Bureau of Statistics (NBS) said the economy grew by 0.11 percent.

The development comes after two consecutive quarters of negative growth which resulted in a recession.

Nigeria’s economy beat projections from the IMF and the World Bank, both of which predicted Africa’s biggest economy to exit recession in 2021.

George Oshogwe Ogbolu is a Digital Media Strategist | Content Writer | Journalist | New Media Influencer | Proofreader and a Deputy Editor at Naija News.