Nigeria’s oil and gas sector adds trillions to its coffers

Nigeria’s oil and gas sector contributed about R1.3 trillion to its gross domestic product (GDP) in the third quarter of this year, according to the latest data from the West African country’s National Bureau of Statistics (NBS).

The figures reveal that the sector has improved when compared with figures during the same period in 2014.

In addition, the GDP grew by 2.84% in the third quarter, with overall GDP growth recorded at 9.19%, reports Nigerian newspaper Vanguard.

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