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Real Gross Domestic Product (Billion Naira)


  Year 1997
Activity Sector Q1 Q2 Q3 Q4 Annual
A. AGRICULTURE 4,305.68
1. Crop Production 3,611.91
2. Livestock 512.46
3. Forestry 82.98
4. Fishing 98.33
B. INDUSTRY 10,599.70
1. Mining and Quarrying 6,952.09
a. Crude Petroleum and Natural Gas 6,933.58
b. Coal Mining 2.62
c. Metal Ores 1.13
d. Quarrying and Other Minerals 14.75
2. Manufacturing 3,051.91
a. Oil Refining 50.53
b. Cement 228.08
c. Food, Beverage and Tobacco 1,988.95
d. Textile, Apparel and Footwear 433.06
e. Wood and Wood Products 51.80
f. Pulp, Paper and Paper Products 22.95
g. Chemical and Pharmaceutical Products 23.14
h. Non-Metallic Products 58.34
i. Plastic and Rubber Products 28.07
j. Electrical and Electronics 2.48
k. Basic Metal, Iron and Steel 32.90
l. Motor Vehicles and Assembly 19.75
m. Other Manufacturing 111.85
3. Electricity, Gas, Steam & Air conditioner" 7.73
4. Water supply, Sewage, Waste Management 16.41
5. Construction 571.56
C. SERVICES 8,325.74
1. Trade 2,494.26
2. Accommodation and Food Services         39.04
3. Transportation and Storage 220.75
a. RoadTransport 192.29
b. Rail Transport & Pipelines 0.05
c. Water Transport 2.87
d. Air Transport 14.00
e. Transport Services 7.61
f. Post and Courier Services 3.93
4. Information and Communication 327.34
a. Telecommunications and Information Services 25.08
b. Publishing 8.59
c. Motion Pictures, Sound Recording and Music Production 120.85
d. Broadcasting 172.80
5. Arts, Entertainment & Recreation 7.80
6. Financial and Insurance 1,019.11
a. Financial Institutions 914.93
b. Insurance 104.18
7. Real Estate 1,536.91
8. Professional, Scientific & Technical Services 861.73
9. Administrative and Support Services 6.62
10. Public Administration 1,108.61
11. Education 333.18
12. Human Health & Social Services 143.41
13. Other Services 226.99
GDP at 2010 Constant Basic Prices 23,231.12
   
Net Taxes on Products 238.22
   
GDP at 2010 Constant Market Prices 23,469.34
       
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 : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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