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The Peoples Democratic Party (PDP) says there is nothing to celebrate until the "harsh living conditions" have improved.

Kale, the Statistician-General of the Federation, made the statement in Abuja on Wednesday at a news conference.

It was Nigeria's worst recession in 29 years.

He said the nation's economy would also bouy if ongoing truce with Niger delta militants was intensified.

This marked the end of two-quarters of contraction and beating market expectations of a 2.1% rise in gross domestic product (GDP).

Kale said the important thing for the country was to maintain the situation so that Nigeria would not go back to recession.

On his part, Mr Abdulrauf Aliyu, a development economist and public analyst, said government must now focus on improving the quality of life of Nigerians.

Nigerian crude production slumped past year as militants attacked oil facilities, with an average output of 1.54 million barrels a day in the second quarter of 2016, according to OPEC figures.

"It is not political because it is the same bureau that gave other negative data".

"As long as we depend on imported raw materials and machinery for manufactured goods, and buy dollar at the current exorbitant rate, it will be nearly impossible for prices of manufactured goods to be lower than they are today, maybe competition and interplay of the supply and demand, I don't expect prices to change significantly".

According to him, the bureau is an agency of government that has the independence to carry out survey and publish its findings based on worldwide best practices.

"Growth across the economy was pretty soft, but the big surprise for me is the weakness of the oil sector", Ashbourne said. "We don't do it".

Punch reports that Makarfi, on Tuesday, August 5, noted that the just released statistics did not reflect the "reality as it affects ordinary Nigerians".

The finance industry was the second largest contributor to GDP growth in the second quarter of 2017, growing by 2.5 percent and mining expanded by 3.9 percent.

The latest results are an improvement from the decline that was reported in the last two quarters, which saw a decline of 0.3 percent in the fourth quarter of 2016 and a 0.7 percent contraction in the first quarter of 2017.

"The recession presented a scenario of contracted GDP (0.67%), stagflation, which occurs when periods of low economic growth or Economic Contraction in GDP coincide with periods of elevated Inflation, which is often accompanied by high levels of Unemployment".

The economy slipped into recession in the second quarter of 2016.


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