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Real Gross Domestic Product (Billion Naira)


  Year 1988
Activity Sector Q1 Q2 Q3 Q4 Annual
A. AGRICULTURE 3,174.57
1. Crop Production 2,581.60
2. Livestock 444.27
3. Forestry 88.91
4. Fishing 59.79
B. INDUSTRY 9,514.81
1. Mining and Quarrying 4,856.73
a. Crude Petroleum and Natural Gas 4,828.68
b. Coal Mining 15.53
c. Metal Ores 2.36
d. Quarrying and Other Minerals 10.16
2. Manufacturing 4,237.80
a. Oil Refining 33.06
b. Cement 298.88
c. Food, Beverage and Tobacco 2,965.98
d. Textile, Apparel and Footwear 612.28
e. Wood and Wood Products 58.90
f. Pulp, Paper and Paper Products 20.02
g. Chemical and Pharmaceutical Products 16.49
h. Non-Metallic Products 56.99
i. Plastic and Rubber Products 27.64
j. Electrical and Electronics 8.10
k. Basic Metal, Iron and Steel 24.19
l. Motor Vehicles and Assembly 6.41
m. Other Manufacturing 108.85
3. Electricity, Gas, Steam & Air conditioner" 5.40
4. Water supply, Sewage, Waste Management 10.49
5. Construction 404.40
C. SERVICES 6,150.18
1. Trade 2,073.80
2. Accommodation and Food Services         34.22
3. Transportation and Storage 180.52
a. RoadTransport 148.25
b. Rail Transport & Pipelines 3.84
c. Water Transport 3.15
d. Air Transport 18.54
e. Transport Services 3.54
f. Post and Courier Services 3.19
4. Information and Communication 214.60
a. Telecommunications and Information Services 18.70
b. Publishing 8.30
c. Motion Pictures, Sound Recording and Music Production 56.18
d. Broadcasting 131.42
5. Arts, Entertainment & Recreation 3.63
6. Financial and Insurance 398.17
a. Financial Institutions 319.76
b. Insurance 78.42
7. Real Estate 1,123.08
8. Professional, Scientific & Technical Services 665.20
9. Administrative and Support Services 5.11
10. Public Administration 939.00
11. Education 282.20
12. Human Health & Social Services 125.13
13. Other Services 105.52
GDP at 2010 Constant Basic Prices 18,839.55
   
Net Taxes on Products 191.14
   
GDP at 2010 Constant Market Prices 19,030.69
       
Coverage of Annual Real Gross Domestic Product commenced 1981.
Coverage of Quarterly Real Gross Domestic Product commenced 1st Quarter of 2010.
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Facts : 1/1/1900
Structural Adjustment Programme (S.A.P.):Introduced in June 1986, the Structural Adjustment Programme was introduced after a public debate on IMF loan conditionalities. It was aimed at re-structuring the productive base of the ecnonomy and promoting non-inflationary economic growth.
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