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Nominal Gross Domestic Product at Current Basic Prices - (Billion Naira)
  Year 1999
Activity Sector Q1 Q2 Q3 Q4 Annual
A. AGRICULTURE 1,426.97
1. Crop Production 1,204.70
2. Livestock 164.37
3. Forestry 19.31
4. Fishing 38.59
B. INDUSTRY 1,609.82
1. Mining and Quarrying 600.46
a. Crude Petroleum and Natural Gas 593.44
b. Coal Mining 2.20
c. Metal Ores 0.65
d. Quarrying and Other Minerals 4.18
2. Manufacturing 891.29
a. Oil Refining 9.56
b. Cement 24.06
c. Food, Beverage and Tobacco 599.01
d. Textile, Apparel and Footwear 91.88
e. Wood and Wood Products 32.15
f. Pulp, Paper and Paper Products 6.35
g. Chemical and Pharmaceutical Products 6.56
h. Non-Metallic Products 15.52
i. Plastic and Rubber Products 8.82
j. Electrical and Electronics 0.65
k. Basic Metal, Iron and Steel 22.00
l. Motor Vehicles and Assembly 5.70
m. Other Manufacturing 69.01
3. Electricity, Gas, Steam & Air conditioner" 3.27
4. Water supply, Sewage, Waste Management 13.19
5. Construction 101.62
C. SERVICES 2,389.68
1. Trade 939.50
2. Accommodation and Food Services         12.51
3. Transportation and Storage 138.31
a. RoadTransport 119.14
b. Rail Transport & Pipelines 0.04
c. Water Transport 2.13
d. Air Transport 7.69
e. Transport Services 6.84
f. Post and Courier Services 2.46
4. Information and Communication 137.31
a. Telecommunications and Information Services 3.74
b. Publishing 1.90
c. Motion Pictures, Sound Recording and Music Production 51.27
d. Broadcasting 80.40
5. Arts, Entertainment & Recreation 3.31
6. Financial and Insurance 148.44
a. Financial Institutions 127.80
b. Insurance 20.64
7. Real Estate 433.52
8. Professional, Scientific & Technical Services 47.71
9. Administrative and Support Services 0.37
10. Public Administration 278.64
11. Education 104.15
12. Human Health & Social Services 49.62
13. Other Services 96.29
GDP at Current Basic Prices 5,426.47
   
Net Taxes on Products 55.88
   
GDP at Current Market Prices 5,482.35
       
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 : 1/1/1995
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.
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