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Real Gross Domestic Product (Billion Naira)
  Year 2022
Activity Sector Q1 Q2 Q3 Q4 Annual
A. AGRICULTURE 3,879.73 4,017.42 5,625.36 5,568.55 19,091.07
1. Crop Production 3,391.63 3,595.83 5,200.73 5,072.56 17,260.75
2. Livestock 318.50 282.02 302.90 344.31 1,247.72
3. Forestry 44.14 51.28 48.07 52.87 196.36
4. Fishing 125.46 88.30 73.67 98.81 386.24
B. INDUSTRY 3,724.28 3,354.31 3,482.78 3,634.21 14,195.58
1. Mining and Quarrying 1,157.69 1,125.17 1,118.13 990.44 4,391.42
a. Crude Petroleum and Natural Gas 1,150.85 1,093.61 1,073.90 913.55 4,231.90
b. Coal Mining 1.61 4.80 0.31 1.48 8.19
c. Metal Ores 4.87 1.26 2.41 1.13 9.66
d. Quarrying and Other Minerals 0.36 25.51 41.52 74.28 141.66
2. Manufacturing 1,768.82 1,495.12 1,628.91 1,768.54 6,661.39
a. Oil Refining 1.66 2.82 2.32 4.41 11.21
b. Cement 188.81 143.74 190.85 172.44 695.84
c. Food, Beverage and Tobacco 875.93 760.08 794.84 871.80 3,302.66
d. Textile, Apparel and Footwear 342.48 283.34 302.90 357.19 1,285.91
e. Wood and Wood Products 53.81 44.41 50.31 47.36 195.89
f. Pulp, Paper and Paper Products 13.38 9.70 12.21 12.73 48.03
g. Chemical and Pharmaceutical Products 42.75 47.37 51.40 47.13 188.65
h. Non-Metallic Products 63.52 49.24 58.46 58.49 229.71
i. Plastic and Rubber products 60.12 53.01 52.48 61.80 227.41
j. Electrical and Electronics 0.84 0.92 1.12 1.23 4.11
k. Basic Metal, Iron and Steel 39.93 37.31 40.10 46.28 163.61
l. Motor Vehicles & Assembly 9.53 7.63 7.13 7.74 32.03
m. Other Manufacturing 76.07 55.55 64.79 79.94 276.34
3. Electricity,Gas,Steam & Air conditioner 32.72 118.79 71.18 110.71 333.39
4. Water Supply, Sewage, Waste Management 39.06 61.12 35.21 35.06 170.45
5. Construction 726.00 554.11 629.36 729.46 2,638.93
C. SERVICES 9,745.37 9,914.15 9,851.81 11,841.49 41,352.81
1. Trade 2,798.78 2,905.99 2,909.77 3,329.16 11,943.70
2. Accomodation and Food Services 173.41 68.17 135.68 167.05 544.31
3. Transportation and Storage 191.45 318.16 254.93 338.28 1,102.81
a. Road Transport 151.97 293.85 213.08 291.97 950.87
b. Rail Transport & Pipelines 0.04 0.02 0.02 0.09 0.17
c. Water Transport 0.80 1.04 1.80 1.39 5.04
d. Air Transport 25.26 9.69 21.69 22.90 79.54
e. Transport Services 7.11 11.14 15.96 16.93 51.15
f. Post and Courier Services 6.26 2.42 2.38 4.99 16.04
4. Information and Communication 2,811.32 3,188.31 2,910.89 3,412.53 12,323.04
a. Telecommunications and Information Services 2,245.73 2,592.66 2,436.60 2,851.37 10,126.35
b. Publishing 5.45 4.66 4.88 5.19 20.17
c. Motion Pictures, Sound Recording and Music Production 229.67 157.57 208.15 201.14 796.53
d. Broadcasting 330.47 433.43 261.26 354.83 1,379.99
5. Arts, Entertainment & Recreation 51.85 35.69 36.88 43.24 167.66
6. Financial and Insurance 781.98 735.40 660.84 831.13 3,009.35
a. Financial Institutions 696.87 655.22 594.68 771.59 2,718.36
b. Insurance 85.11 80.18 66.16 59.53 290.98
7. Real Estate 927.32 920.49 1,064.03 1,301.22 4,213.07
8. Professional, Scientific & Technical Services 560.47 525.94 611.99 701.92 2,400.32
9. Administrative and Support Services 3.39 3.54 4.23 3.99 15.15
10. Public Administration 283.59 375.59 389.18 446.76 1,495.13
11. Education 333.06 231.85 317.74 438.46 1,321.11
12. Human Health & Social Services 126.01 131.28 133.75 138.94 529.99
13. Other Services 702.74 473.72 421.89 688.81 2,287.16
GDP at 2010 Constant Basic Prices 17,349.38 17,285.88 18,959.95 21,044.25 74,639.47
           
Net Taxes on Products 223.89 192.34 334.06 379.19 1,129.48
           
GDP at 2010 Constant Market Prices 17,573.27 17,478.22 19,294.01 21,423.44 75,768.95
       
Coverage of Annual Real Gross Domestic Product commenced 1981.
Coverage of Quarterly Real Gross Domestic Product commenced 1st Quarter of 2010.
Choose year to display. 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981
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Facts : 1/1/1900
Agric Credit Guarantee Scheme:The Agricultural Credit Guarantee Scheme (ACGS) was established in 1977, under the management of the Central Bank of Nigeria. The scheme was designed to encourage banks to increase lending to the agricultural sector by providing guarantee against inherent risks.
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