Tag
NIGERIA GDP
Data on Gross Domestic Product Of Nigeria
The oil industry has been buffeted with a lot of challenges. It has not really lived up to expectation, as far as contribution to GDP growth generally. The point is in 2019, it was actually the sector that drive our GDP numbers, most of the other sectors were down, such as agriculture, manufacture was negative, ICT.
Whilst the CBN’s policy may have positively impacted on Nigeria’s third-quarter GDP growth rate, the Federal Government’s decision to keep the borders closed until January 2020 is expected to slow down economic recovery, particularly in the trade sector.
Nigeria’s Gross Domestic Product (GDP) grew by 2.28% in real terms, in the third quarter (Q3) of 2019,...
Nigeria's GDP slows to 1.94% in Q2 2019, as non-oil sector contracts
By a unanimous vote, the Monetary Policy Committee (MPC) decided to keep monetary policy parameters unchanged (MPR at 13.5%, asymmetric corridor at +200bps/-500bps, Cash Reserve Ratio at 22.5% and Liquidity Ratio at 30.0%) at yesterday’s meeting
Nigeria’s public debt stock grew marginally by 2.30% to N24.95trn (US$81.27bn *exchange rate of N306.95/US$) as of the end of March 2019 from N24.39trn as of December 2018, data released by the Debt Management Office (DMO) revealed.
According to the Misery Index, Nigeria is among the top ten saddest countries in the world, no thanks to its high level of unemployment (Q3-2018: 23.1%) and stubbornly high inflation (April 2019: 11.37%).
The federal government is currently in search of foreign investors and financiers to fund infrastructure projects valued at $140 billion. Over $90 billion worth of investments have been announced since 2018 but are still being expected.
Nigeria recorded a massive 74% drop in exports of Cashew Nuts in Shell according to the third quarter foreign trade report of the National Bureau of Statistics.
Nigeria's Real Gross Domestic Product (GDP) growth rate for the quarter ending June 2018 was 1.50%.
GDP grew by 1.50% year on year in real terms to N16.58 trillion in Q2 2018
The table below captures Nigeria's Sector GDP Growth rate every year since 1982.