Contrary to widespread projections, the Nigerian economy has defied the presence of the COVID -19 pandemic to post a  gross domestic product (GDP) rise of  2.28% in the first quarter of 2020.

This is consistent with a report gathered from the National Bureau of Statistics (NBS), the performance recorded in Q1 2020 represents a drop of 0.23% points compared to Q1 2019 and 0.68% points decline compared to Q4 2019, reflecting the earliest effects of the disruption, particularly on the non-oil economy.

Quarter on quarter, real GDP growth was –14.27% compared to 5.59% recorded in the preceding quarter.

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The performance recorded in Q1 2020 represents a drop of –0.23% points compared to Q1 2019 and –0.68% points compared to Q4 2019, reflecting the earliest effects of the disruption, particularly on the non-oil economy.“Quarter on quarter, real GDP growth was –14.27% compared to 5.59% recorded in the preceding quarter.

Statistician-General of the Federation, Yemi Kale, while expatiating via his twitter account, revealed that the non-oil sector contributed 90.50% to the nation’s GDP in the first quarter of 2020, less than its share in the first quarter of 2019 which was 90.78% and the fourth quarter of 2019 recorded as 92.68%.

His tweets: