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Economic indices stabilize as GDP inches up

LAGOS — There are indications that the declining trend in nation’s economic health is on the recovery path going by current indices from the National Bureau of Statitistics, NBS, which show a marginal increase in Gross Domestic Product, GDP, in the third quarter (Q3) 2015 against what was recorded in the second and first quarter (Q2 and Q1) 2015.

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Outsourcing: Govt, private sector partnership & unemployment

With Gross Domestic Product,(GDP) estimated at $262billion in 2012, Nigeria is the largest economy in Sub-Saharan Africa. Yet, economists say it is far from its potential even with its huge population estimated at 162.5 million people. Economist had further said that barriers to the optimal growth and development of the economy is its huge infrastructure deficiency which makes it a harsh operating environment for businesses.

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