The information given on Thursday, February 18, 2021 by the National Statistics Office on its website, indicates that the Nigerian economy has emerged from the recession. Gross domestic product (GDP) increased by 0.11% in the last quarter of 2020, compared to a year earlier

By the third quarter of 2020, Nigeria's GDP had fallen by 3.6%. The National Statistics Office informs that the country's economic situation improved by 0.11% in the last quarter of the same year.
The good level of the Nigerian economy is due to the fact that the fall in oil production has been offset by the growth of Nigerian agriculture and telecommunications. Oil production fell slightly to 1.56 million barrels per day in the fourth quarter of last year, compared to 1.67 million barrels in the previous quarter. These figures show that the country can do better in 2021.