At the same time, the all-important oil sector lost steam (5.06% vs 6.36%). Nigeria is the biggest economy in Africa. Please try again later.With 6.10 Percent GDP Contraction, Analysts Seek Economic Stabilisation MeasuresEdo 2020 - Report Shows Voters Scared of Violence, Covid-19, OthersAtiku Urges National Assembly to Reject Fresh Loan RequestsWhat's Triggered New Conflict Between Farmers and Herders in NigeriaNigeria Electricity Firms Begin Implementation of New TariffsThe Forgotten Farmer-Herdsmen Conflict in Nigeria's 'Middle Belt' - Benue StateHow Traditional Medicine Transformed My Life - Ooni of IfeHelicopter Crash - Lagos Govt Begins Reconstruction of Crash SiteContractors Protest Delayed Payment of Commissioned ProjectsActionAid Urges States to Domesticate Disability Commission LawCovid-19 - 418 Health Workers Contract Virus in OndoNew Emir, Old History - Behind Aminu Bayero's Many ToursOwa-Ale of Ikare Joins Ancestors After 48 Years On ThroneGhana Responds to Alleged Hostilities, Harassment of NigeriansDoctors Strike Over Pay As Schools Reopen in NigeriaLessons from Mali for Nigeria and West Africa - Defend DemocracyNigerian Governor Backs Death for Kano Singer's 'Blasphemy'Nigeria Prepares to Open Borders as Covid-19 Cases DropEdo 2020 - Report Shows Voters Scared of Violence, Covid-19, OthersNigeria Electricity Firms Begin Implementation of New TariffsHelicopter Crash - Lagos Govt Begins Reconstruction of Crash SiteContractors Protest Delayed Payment of Commissioned ProjectsActionAid Urges States to Domesticate Disability Commission LawCovid-19 - 418 Health Workers Contract Virus in OndoTrade and Investment Challenges Persist As Adebayo Clocks One Year in OfficeOver 5,000 Lawyers Have Shown Interest in New NBA - Co-ConvenerTwo Dead, Four Rescued As Another Boat Capsizes in LagosBuhari Laments Main Opposition Party's 'Bitter', 'Unnecessary' SquabblesAmidst Probe, NDDC 'Pays Stranded UK Scholarship Students'First Bank Chairman Debuts in Kunle Afolayan's 'Citation'Nigeria Will Be 'Net Exporter' of Petroleum Products By 2022 - DPR#BBNaija - Again, Erica Emerges 'Head of House', Picks Prince As DeputyGbajabiamila Defends Lawmakers' Vacation Amidst Ongoing ProbesWater Resources Bill - NLC Warns Lawmakers Against 'Dictatorship'Amidst CAMA Crisis, Buhari Meets With Pastor AdeboyeNUJ Orders Boycott of Fani-Kayode's Press Conference in IbadanNigeria-Born Lawyer Appointed Minister in Canada Advocates Merit in NigeriaYahaya Bello Hails Supreme Court Judgement Affirming His Re-ElectionPopular Actor, 'Chief Kanran', Cries for Help, Says He's HomelessFalana Seeks Release of Drug Offenders Pardoned in Thailand, Languishing in Nigerian PrisonChina or the West - When Will Nigeria Quit the Feeding Bottle?Kaduna Govt Speaks On Dadiyata, Prosecution of Odinkalu, Maikori, OthersSupreme Court Affirms Yahaya Bello As Kogi Governor, Dismisses Wada, Akpoti's AppealsBushiri Accused of 'Sickening Orgies' by Church WomenUganda: Kampala-Entebbe Expressway, World's Most Expensive Road?Germany's Colonial Past in Africa Catches Up With ItLessons from Mali for Nigeria and West Africa - Defend Democracy Nigeria gdp growth rate for 2019 was 2.21%, a 0.29% increase from 2018. It was the strongest expansion since the third quarter of 2015, mainly driven by the oil sector (6.36% vs 6.49% in Q3), amid higher crude oil production (2.00 million barrels per day, up from 1.91 mbpd in the same period a year earlier) and more favourable prices. Services is the largest sector of the economy, accounting for about 50 percent of total GDP. It was the slowest pace of economic expansion since the third quarter of 2018, reflecting the earliest effects of the disruption, mainly in the non-oil sector (1.55% vs 2.27% in Q4), amid declines in internal trade (-2.82% vs -0.58%); accommodation & food services (-2.99% vs 2.05%); public administration (-8.72% vs 0.06%); administrative & support services (-1.9% vs 1.27%). The Gross Domestic Product (GDP) in Nigeria contracted 14.30 percent in the first quarter of 2020 over the previous quarter. Industry and Construction account for the remaining 16 percent of GDP.
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