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In: Economy
21 Apr 2009Courtesy of the National Bureau of Statistics, here is the breakdown of the GDP for 2008:
| Solid Minerals | 0.31% |
| Hotel and Restaurants | 0.46% |
| Building and Construction | 1.83% |
| Telecommunication and Postal Services | 2.90% |
| Finance and Insurance | 3.79% |
| Manufacturing | 4.13% |
| Others | 9.63% |
| Wholesale and Retail Trade | 17.33% |
| Crude Petroleum and Natural Gas | 17.54% |
| Agriculture | 42.07% |
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12 Responses to Breakdown of Nigeria’s GDP for 2008
tosin
April 22nd, 2009 at 12:11 am
I don’t really believe that the oil&gas industry constitutes less than 20% of our economy.
Leye
April 22nd, 2009 at 3:25 pm
I agree with you. It seems fishy.
Ngozi
May 2nd, 2009 at 7:06 pm
..and Agriculture contributed 42%??
AGONTU JOSHUA
May 8th, 2009 at 2:27 pm
It is difficult to accept that the Agricultural sector is contributing that much to the GDP considering the problems affecting that sector of the economy.
Ibrahim Yunusa Shettima
May 15th, 2009 at 8:34 pm
How can the Agricultural sector be said to contribute over 40% to Nigeria’s GDP and Oil less than 20% when we all know that the petroleum sector is the most exploited in the country? This is unrealistic.
ojoh taiwo
July 21st, 2009 at 8:43 am
No sane man will believe that agriculture contribute that much and that oil and gas is less than 20%. even the market women knows that nigeria’s economy has been heavily dependent on crude oil since the boom of the 50′s and 60′s.May you guys have never seen nigeria’s budget, the major source of revenue for each fiscal year has been the down stream oil sector.
ojoh taiwo
July 21st, 2009 at 8:52 am
oh oh let me add this, I personally see the nationally bureau of statistic as the beloved sister of inefficient INEC. Both are disgusting corrupt institutions and their memebers dead mosters. These institutions should not be allowed to provide any info since they’ve themselves lost focus and sight.
grace bessong
September 6th, 2009 at 5:20 pm
d breakdown of d gdp does nt make sense, we shld learn what shame is in dis intreastin country of ours
donne4real
September 23rd, 2009 at 3:55 pm
I agree with you.
Marcus
March 28th, 2010 at 12:07 pm
Do you know that GDP means goods in its final form? Meaning that even though we get most of our revenues from Oil, it is mostly sold in its first unrefined stages and not the final products as petrol, kerosine, plastic, engine oil, grease, etc…..
Ismaeel
March 31st, 2011 at 1:05 pm
I agree with you Marcus. I suggest you people need to review your basic economics and understand first what GDP means. Or simply compare the data for each subsector. Oil, of coourse, contributes over 90% of Government revenues but GDP measures output of all sectors of the economy not just the oil sector.
Dave Anan of Total Nigeria
June 13th, 2011 at 3:55 am
of course, I also thought my eyes were deceiving me when I first noticed that the table placed agriculture as the main source of Nigerian income, I think agriculture contributes a little over 20 percent of the of the entire GDP