Nigeria’s economic growth quickened in the third quarter as the oil industry’s contraction eased and agricultural output increased.
Gross domestic product rose 6.81 percent on an annual basis, the fastest pace this year, compared with 6.18 percent in the second quarter, the Abuja-based National Bureau of Statistics said in an e-mailed statement today.
While disruptions to Nigerian oil exports continued in Africa’s second-largest economy, daily average crude oil production rose to 2.26 million barrels from 2.11 million barrels in the previous quarter. Crude output declined from 2.52 million barrels a day in the third quarter of 2012.