Tag nigerias 2017 gdp 1 4 increase

According to the National Bureau of Statistics (NBS) of Nigeria, the country's Gross Domestic Product (GDP) grew by 1.95% in 2017, compared to 2.11% in 2016.

Here is the breakdown of Nigeria's GDP growth rate from 2015 to 2017:

The 1.95% growth rate in 2017 was driven by a 2.11% growth in the non-oil sector, while the oil sector contracted by 1.87%. The non-oil sector, which accounts for about 90% of the country's GDP, was driven by growth in the services sector, particularly in the telecommunications, finance, and construction industries.

It's worth noting that Nigeria's GDP growth rate has been affected by several factors, including the decline in oil prices, insecurity in the Niger Delta region, and the impact of the COVID-19 pandemic.