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Nominal Gross Domestic Product at Current Basic Prices - (Billion Naira)
  Year 1988
Activity Sector Q1 Q2 Q3 Q4 Annual
A. AGRICULTURE 73.76
1. Crop Production 61.85
2. Livestock 8.89
3. Forestry 1.86
4. Fishing 1.17
B. INDUSTRY 102.94
1. Mining and Quarrying 22.56
a. Crude Petroleum and Natural Gas 17.30
b. Coal Mining 4.25
c. Metal Ores 0.70
d. Quarrying and Other Minerals 0.32
2. Manufacturing 66.34
a. Oil Refining 0.24
b. Cement 5.67
c. Food, Beverage and Tobacco 42.56
d. Textile, Apparel and Footwear 6.53
e. Wood and Wood Products 2.28
f. Pulp, Paper and Paper Products 0.45
g. Chemical and Pharmaceutical Products 0.47
h. Non-Metallic Products 1.10
i. Plastic and Rubber Products 0.63
j. Electrical and Electronics 0.05
k. Basic Metal, Iron and Steel 1.08
l. Motor Vehicles and Assembly 0.41
m. Other Manufacturing 4.88
3. Electricity, Gas, Steam & Air conditioner" 0.71
4. Water supply, Sewage, Waste Management 4.22
5. Construction 9.11
C. SERVICES 135.80
1. Trade 40.14
2. Accommodation and Food Services         1.07
3. Transportation and Storage 7.89
a. RoadTransport 4.16
b. Rail Transport & Pipelines 0.75
c. Water Transport 0.94
d. Air Transport 1.17
e. Transport Services 0.13
f. Post and Courier Services 0.73
4. Information and Communication 21.74
a. Telecommunications and Information Services 0.90
b. Publishing 0.13
c. Motion Pictures, Sound Recording and Music Production 0.95
d. Broadcasting 19.75
5. Arts, Entertainment & Recreation 0.06
6. Financial and Insurance 21.21
a. Financial Institutions 15.66
b. Insurance 5.56
7. Real Estate 7.81
8. Professional, Scientific & Technical Services 6.12
9. Administrative and Support Services 0.05
10. Public Administration 18.00
11. Education 6.73
12. Human Health & Social Services 3.21
13. Other Services 1.78
GDP at Current Basic Prices 312.50
   
Net Taxes on Products 3.11
   
GDP at Current Market Prices 315.62
       
Coverage of Annual Nominal Gross Domestic Product commenced 1981.
Coverage of Quarterly Nominal Gross Domestic Product commenced 1st Quarter of 2010.
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Facts : 1/1/1900
Federal Ministry of Finance:The Federal Ministry of Finance (FMF) advises the Federal Government on its fiscal operations and collaborates with the Central Bank of Nigeria (CBN) on monetary matters. Before 1991, the responsibility for the supervision and licensing of banks was shared between FMF and CBN until 1991 when CBN became the sole authority.
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