The recently released GDP report by the National Bureau of Statistics shows how the Nigerian economy performed in the first quarter of 2021.
Nigeria’s Gross Domestic Product grew 0.51 percent in Q1 2021 compared to a growth of 1.87 percent recorded in Q1 2020.
The Q1 2021 growth rate was slower than the 1.87 percent growth rate recorded in Q1 2020 but higher than 0.11 percent recorded in Q4 2020, indicative of a slow but continuous recovery.
These were the best performing sectors in the first quarter of 2021.
Metal Ores
Water supply, sewerage, waste management and remediation
Cement
Electricity, Gas, Steam and Air Conditioning Supply
Telecommunications
Worst performers in Q1 2021
Quarrying and other minerals
Oil refining
Road transport
Transportation and storage
Air transport
