This was based on figures obtained from the National Bureau of Statistic, which shows zero point five-five percent expansion, as against one point five percent contraction in 2016.
After five consecutive quarters of contraction, the National Bureau of Statistics reports that the economy bounced back with GDP growth of three point two-three percent.
The statistics office noted that growth in the oil sector, crop production and the finance industry account for the overall positive outlook.
A Lagos-based financial analyst, BISMARK REWANE, has also suggested ways to maintain the positive outlook in the third quarter.
These include sustained investments in agriculture, power supply and infrastructure development.
BISMARK REWANE also called for attention on increased production output and protection of the informal sector against external pressures.
BISMARK REWANE is a Lagos-based financial analyst.
