NBS says FG, states, LGs expenditure on GDP grew by 42.81% in 2015

The National Bureau of Statistics (NBS) says the final expenditure on Gross Domestic Product (GDP) of the three tiers of government in the first quarter of the year is 42.81 per cent.

A statement issued in Abuja by the Statistician-General of the Federation, Yemi Kale said that the figure was higher than the -7.53 per cent and 16.56 per cent recorded in the first and fourth quarters of 2014 respectively.

According to the NBS, during the first quarter of the year, the general government final expenditure grew by 42.81 per cent year-on-year in real terms, higher than the -7.53 per cent in the first quarter of 2014.

It noted that the -7.53 per cent was also lower than 16.56 per cent recorded in the fourth quarter of 2014, adding that the shares recorded in the first quarter were however higher than the shares recorded in first quarter of 2014 which was put at 6.0 per cent.