Nigerian first-quarter output improved

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Abuja - Nigeria’s economy, which contracted in 2016, performed better in the first three months of this year than during the previous three quarters on improved oil production and factory output, according to Statistician-General Yemi Kale.

"From the numbers we are seeing, certainly things are improving, and if the data doesn’t show Nigeria out of recession, it will show Nigeria is on its way out of recession," Kale, who is also chief executive of Nigeria’s National Bureau of Statistics, said in an interview at his Abuja-based office on Thursday.

Gross domestic product for the three months through March "might be close to the first-quarter numbers, whether positive or negative," Kale said, referring to the first quarter of 2016 when the economy contracted 0.4%.

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