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Real Gross Domestic Product (Billion Naira)
  Year 2023
Activity Sector Q1 Q2 Q3 Q4 Annual
A. AGRICULTURE 3,844.85 4,077.72 5,698.27 - -
1. Crop Production 3,457.23 3,661.39 5,270.72 - -
2. Livestock 221.13 275.52 306.48 - -
3. Forestry 44.68 52.24 49.13 - -
4. Fishing 121.80 88.56 71.95 - -
B. INDUSTRY 3,735.98 3,289.15 3,498.69 - -
1. Mining and Quarrying 1,111.85 988.36 1,096.17 - -
a. Crude Petroleum and Natural Gas 1,102.44 946.74 1,064.78 - -
b. Coal Mining 1.63 4.04 0.49 - -
c. Metal Ores 7.42 2.08 4.08 - -
d. Quarrying and Other Minerals 0.36 35.50 26.83 - -
2. Manufacturing 1,797.29 1,528.01 1,636.75 - -
a. Oil Refining 1.06 1.82 1.46 - -
b. Cement 191.78 148.54 198.87 - -
c. Food, Beverage and Tobacco 910.12 792.98 802.11 - -
d. Textile, Apparel and Footwear 329.87 270.93 294.58 - -
e. Wood and Wood Products 55.23 45.46 51.45 - -
f. Pulp, Paper and Paper Products 13.59 9.84 11.75 - -
g. Chemical and Pharmaceutical Products 45.41 50.40 54.88 - -
h. Non-Metallic Products 65.06 50.30 59.75 - -
i. Plastic and Rubber products 60.73 54.42 50.27 - -
j. Electrical and Electronics 0.83 0.93 1.15 - -
k. Basic Metal, Iron and Steel 39.75 38.18 39.71 - -
l. Motor Vehicles & Assembly 10.04 7.33 7.34 - -
m. Other Manufacturing 73.81 56.86 63.42 - -
3. Electricity,Gas,Steam & Air conditioner 35.83 126.04 72.53 - -
4. Water Supply, Sewage, Waste Management 41.23 73.69 39.41 - -
5. Construction 749.76 573.06 653.83 - -
C. SERVICES 10,169.24 10,352.47 10,245.32 - -
1. Trade 2,835.34 2,976.15 2,954.18 - -
2. Accomodation and Food Services 179.63 70.48 140.52 - -
3. Transportation and Storage 209.38 157.03 163.54 - -
a. Road Transport 164.16 131.81 120.06 - -
b. Rail Transport & Pipelines 0.02 0.02 0.03 - -
c. Water Transport 0.95 1.10 1.93 - -
d. Air Transport 30.17 10.11 22.60 - -
e. Transport Services 7.66 11.52 16.58 - -
f. Post and Courier Services 6.41 2.47 2.34 - -
4. Information and Communication 3,101.31 3,462.42 3,105.77 - -
a. Telecommunications and Information Services 2,508.61 2,845.09 2,625.13 - -
b. Publishing 5.58 4.78 5.03 - -
c. Motion Pictures, Sound Recording and Music Production 235.83 154.43 206.04 - -
d. Broadcasting 351.28 458.12 269.56 - -
5. Arts, Entertainment & Recreation 54.69 36.60 38.52 - -
6. Financial and Insurance 949.11 932.82 847.28 - -
a. Financial Institutions 870.82 846.77 771.06 - -
b. Insurance 78.30 86.04 76.22 - -
7. Real Estate 943.07 937.72 1,084.24 - -
8. Professional, Scientific & Technical Services 577.74 541.13 625.17 - -
9. Administrative and Support Services 3.23 3.61 4.35 - -
10. Public Administration 289.34 383.79 397.17 - -
11. Education 335.47 235.13 322.35 - -
12. Human Health & Social Services 129.11 133.84 137.67 - -
13. Other Services 561.82 481.73 424.56 - -
GDP at 2010 Constant Basic Prices 17,750.06 17,719.34 19,442.28 - -
           
Net Taxes on Products 244.22 221.72 447.37 - -
           
GDP at 2010 Constant Market Prices 17,994.28 17,941.05 19,889.65 - -
       
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 : 3/1/1993
Nigerian Inter-Bank Settlement System:In March 1993, the Nigerian Inter-Bank Settlement System (NIBSS) was incorportaed to enhance the speed and effeciency of the national clearing system.
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