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Real Gross Domestic Product (Billion Naira)


  Year 2020
Activity Sector Q1 Q2 Q3 Q4 Annual
A. AGRICULTURE 3,677.15 3,918.67 5,484.06 5,268.29 18,348.18
1. Crop Production 3,219.51 3,493.04 5,063.61 4,768.37 16,544.52
2. Livestock 296.84 289.96 297.89 348.42 1,233.11
3. Forestry 42.99 50.09 46.13 51.30 190.51
4. Fishing 117.82 85.58 76.44 100.20 380.03
B. INDUSTRY 3,959.17 3,476.09 3,848.24 3,670.22 14,953.72
1. Mining and Quarrying 1,597.02 1,442.81 1,588.52 1,191.05 5,819.39
a. Crude Petroleum and Natural Gas 1,591.25 1,419.04 1,555.77 1,147.14 5,713.20
b. Coal Mining 1.83 2.63 0.57 1.10 6.13
c. Metal Ores 2.89 1.39 1.14 0.79 6.21
d. Quarrying and Other Minerals 1.05 19.75 31.04 42.02 93.85
2. Manufacturing 1,615.39 1,402.57 1,592.21 1,681.42 6,291.59
a. Oil Refining 6.93 9.16 8.04 12.93 37.07
b. Cement 154.95 131.92 173.42 157.34 617.63
c. Food, Beverage and Tobacco 744.75 689.55 781.01 792.35 3,007.66
d. Textile, Apparel and Footwear 363.21 286.58 312.24 370.18 1,332.21
e. Wood and Wood Products 53.88 43.14 48.57 50.84 196.43
f. Pulp, Paper and Paper Products 13.61 9.42 12.53 13.34 48.90
g. Chemical and Pharmaceutical Products 37.29 39.68 42.05 40.40 159.42
h. Non-Metallic Products 59.62 46.19 54.09 54.11 214.01
i. Plastic and Rubber products 58.92 50.43 52.63 60.82 222.81
j. Electrical and Electronics 0.92 0.89 1.06 1.16 4.03
k. Basic Metal, Iron and Steel 41.20 35.81 38.08 44.88 159.97
l. Motor Vehicles & Assembly 8.78 7.91 6.62 7.13 30.44
m. Other Manufacturing 71.32 51.89 61.86 75.94 261.00
3. Electricity,Gas,Steam & Air conditioner 33.91 75.32 64.53 93.48 267.25
4. Water Supply, Sewage, Waste Management 30.06 41.69 30.00 25.01 126.77
5. Construction 682.79 513.69 572.98 679.25 2,448.72
C. SERVICES 9,105.49 8,503.18 8,492.18 10,611.64 36,712.48
1. Trade 2,692.25 2,269.99 2,474.50 3,022.96 10,459.70
2. Accomodation and Food Services 178.33 64.89 124.48 156.93 524.63
3. Transportation and Storage 296.78 118.65 149.28 258.75 823.47
a. Road Transport 264.44 97.67 117.54 225.45 705.11
b. Rail Transport & Pipelines 0.02 0.02 0.02 0.06 0.12
c. Water Transport 0.80 1.00 1.30 1.00 4.10
d. Air Transport 19.00 7.54 14.20 11.90 52.64
e. Transport Services 6.59 10.20 14.05 15.71 46.55
f. Post and Courier Services 5.92 2.22 2.17 4.62 14.93
4. Information and Communication 2,356.23 2,834.91 2,401.46 2,944.55 10,537.14
a. Telecommunications and Information Services 1,821.24 2,272.97 1,996.93 2,434.02 8,525.16
b. Publishing 5.35 4.40 4.25 4.81 18.80
c. Motion Pictures, Sound Recording and Music Production 217.84 159.63 164.39 186.84 728.69
d. Broadcasting 311.80 397.91 235.90 318.89 1,264.49
5. Arts, Entertainment & Recreation 51.26 35.22 33.00 38.55 158.04
6. Financial and Insurance 637.49 636.49 475.84 599.87 2,349.68
a. Financial Institutions 554.72 571.69 422.98 548.27 2,097.67
b. Insurance 82.77 64.80 52.86 51.59 252.02
7. Real Estate 872.53 848.91 994.52 1,247.63 3,963.59
8. Professional, Scientific & Technical Services 572.26 509.35 592.06 671.92 2,345.58
9. Administrative and Support Services 3.29 3.31 3.94 3.78 14.32
10. Public Administration 280.72 374.51 380.90 435.52 1,471.66
11. Education 348.56 227.75 310.04 427.04 1,313.39
12. Human Health & Social Services 113.70 122.40 121.81 126.83 484.74
13. Other Services 702.09 456.80 430.33 677.33 2,266.54
GDP at 2010 Constant Basic Prices 16,741.81 15,897.93 17,824.48 19,550.15 70,014.37
           
Net Taxes on Products 151.46 146.58 285.11 203.02 786.17
           
GDP at 2010 Constant Market Prices 16,893.27 16,044.51 18,109.60 19,753.16 70,800.54
       
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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