In the second quarter of 2023, the agricultural sector generated about 21 percent of Nigeria's GDP. Other key activities for the country's economy were manufacturing, trade, mining and quarrying, and telecommunication. Moreover, around seven percent of Nigeria's GDP was covered by the mining and quarrying sector. In particular, the largest contribution was from crude oil and natural gas. Nigeria is one of the key oil-producing countries and largest exporters in the world. Indeed, the country has one of the main oil reserves in the world.
In 2023, agriculture contributed around 22.72 percent to Nigeria’s GDP, 32.58 percent came from industry, and 42.77 percent from the services sector. Economic sectors The most common breakdown of economic activity in a country is looking at three economic sectors: The primary sector, which involves agriculture, forestry, and fishing, the secondary sector, industry, that includes manufacturing, processing, or transforming goods, and finally, the tertiary sector, services, i.e. providing information or services to consumers, such as in IT, tourism, or banking. A country’s contribution to GDP, and thus its own economy, is easily visible when looking at the performance of these three sectors. Soaring services in NigeriaLike in most thriving economies nowadays, the services sector is gaining momentum in Nigeria, because more and more people are moving from the countryside to the cities to find jobs. Nigeria is a mixed economy which focuses mainly on telecommunications, financial services, and technology, a strategy that is likely to pay off in the future and will see its GDP soaring. Nigeria’s reliance on oil is also an important contributor to its economic success; between 2001 and 2010, it was one of the countries with the highest GDP growth worldwide. However, oil prices are also responsible for a GDP growth slump in 2016 and for the first trade deficit in over a decade.
Industry is the main economic sector in Nigeria. According to a forecast, the contribution of the industry sector to GDP in the country will grow by six percent in 2025 compared to a 2.5 percent growth in the previous year. On the other hand, the GDP contribution of agriculture is expected to grow by 2.5 percent in 2025.
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GDP Growth Oil Sector in Nigeria decreased to 5.17 percent in the third quarter of 2024 from 10.15 percent in the second quarter of 2024. This dataset includes a chart with historical data for Nigeria GDP Growth Oil Sector.
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the Report Covers Telecommunication Companies in Nigeria and the Market is Segmented by Services (Wired, Wireless), Data and Messaging Services, OTT, and Pay TV Services. the Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.
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Nigeria NG: Stocks Traded: Total Value data was reported at 2.206 USD bn in 2017. This records an increase from the previous number of 1.510 USD bn for 2016. Nigeria NG: Stocks Traded: Total Value data is updated yearly, averaging 2.080 USD bn from Dec 1993 (Median) to 2017, with 22 observations. The data reached an all-time high of 17.360 USD bn in 2007 and a record low of 30.200 USD mn in 1993. Nigeria NG: Stocks Traded: Total Value data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Financial Sector. The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.; ; World Federation of Exchanges database.; Sum; Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.
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The Report Covers Nigeria's Oil and Gas Market Size & Share and It is Segmented by Sector (Upstream, Midstream, and Downstream). The Report Offers the Size and Forecasts for the Oil and Gas Markets in Production Volume for all the Above Segments.
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Nigeria NG: Net Official Flows from UN Agencies: UNDP data was reported at 9.690 USD mn in 2016. This records a decrease from the previous number of 9.860 USD mn for 2015. Nigeria NG: Net Official Flows from UN Agencies: UNDP data is updated yearly, averaging 8.720 USD mn from Dec 1968 (Median) to 2016, with 49 observations. The data reached an all-time high of 31.520 USD mn in 1997 and a record low of 2.530 USD mn in 1976. Nigeria NG: Net Official Flows from UN Agencies: UNDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Defense and Official Development Assistance. Net official flows from UN agencies are the net disbursements of total official flows from the UN agencies. Total official flows are the sum of Official Development Assistance (ODA) or official aid and Other Official Flows (OOF) and represent the total disbursements by the official sector at large to the recipient country. Net disbursements are gross disbursements of grants and loans minus repayments of principal on earlier loans. ODA consists of loans made on concessional terms (with a grant element of at least 25 percent, calculated at a rate of discount of 10 percent) and grants made to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. Official aid refers to aid flows from official donors to countries and territories in part II of the DAC list of recipients: more advanced countries of Central and Eastern Europe, the countries of the former Soviet Union, and certain advanced developing countries and territories. Official aid is provided under terms and conditions similar to those for ODA. Part II of the DAC List was abolished in 2005. The collection of data on official aid and other resource flows to Part II countries ended with 2004 data. OOF are transactions by the official sector whose main objective is other than development-motivated, or, if development-motivated, whose grant element is below the 25 per cent threshold which would make them eligible to be recorded as ODA. The main classes of transactions included here are official export credits, official sector equity and portfolio investment, and debt reorganization undertaken by the official sector at nonconcessional terms (irrespective of the nature or the identity of the original creditor).). UN agencies are United Nations includes the United Nations Children’s Fund (UNICEF), United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), World Food Programme (WFP), International Fund for Agricultural Development (IFAD), United Nations Development Programme(UNDP), United Nations Population Fund (UNFPA), United Nations Refugee Agency (UNHCR), Joint United Nations Programme on HIV/AIDS (UNAIDS), United Nations Regular Programme for Technical Assistance (UNTA), , United Nations Peacebuilding Fund (UNPBF), International Atomic Energy Agency (IAEA), Wolrd Health Organization (WHO), United Nations Economic Commission for Europe (UNECE), Food and Agriculture Organization of the United Nations (FAO), and International Labour Organization (ILO). Data are in current U.S. dollars.; ; Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, and International Development Statistics database. Data are available online at: www.oecd.org/dac/stats/idsonline.; Sum;
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Government Spending in Nigeria decreased to 1002835.84 NGN Million in the second quarter of 2024 from 1298729.69 NGN Million in the first quarter of 2024. This dataset provides - Nigeria Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Nigeria NG: Net Official Flows from UN Agencies: ILO data was reported at 0.520 USD mn in 2016. This records a decrease from the previous number of 0.580 USD mn for 2015. Nigeria NG: Net Official Flows from UN Agencies: ILO data is updated yearly, averaging 0.520 USD mn from Dec 2012 (Median) to 2016, with 5 observations. The data reached an all-time high of 0.580 USD mn in 2015 and a record low of 0.390 USD mn in 2012. Nigeria NG: Net Official Flows from UN Agencies: ILO data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Defense and Official Development Assistance. Net official flows from UN agencies are the net disbursements of total official flows from the UN agencies. Total official flows are the sum of Official Development Assistance (ODA) or official aid and Other Official Flows (OOF) and represent the total disbursements by the official sector at large to the recipient country. Net disbursements are gross disbursements of grants and loans minus repayments of principal on earlier loans. ODA consists of loans made on concessional terms (with a grant element of at least 25 percent, calculated at a rate of discount of 10 percent) and grants made to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. Official aid refers to aid flows from official donors to countries and territories in part II of the DAC list of recipients: more advanced countries of Central and Eastern Europe, the countries of the former Soviet Union, and certain advanced developing countries and territories. Official aid is provided under terms and conditions similar to those for ODA. Part II of the DAC List was abolished in 2005. The collection of data on official aid and other resource flows to Part II countries ended with 2004 data. OOF are transactions by the official sector whose main objective is other than development-motivated, or, if development-motivated, whose grant element is below the 25 per cent threshold which would make them eligible to be recorded as ODA. The main classes of transactions included here are official export credits, official sector equity and portfolio investment, and debt reorganization undertaken by the official sector at nonconcessional terms (irrespective of the nature or the identity of the original creditor).). UN agencies are United Nations includes the United Nations Children’s Fund (UNICEF), United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), World Food Programme (WFP), International Fund for Agricultural Development (IFAD), United Nations Development Programme(UNDP), United Nations Population Fund (UNFPA), United Nations Refugee Agency (UNHCR), Joint United Nations Programme on HIV/AIDS (UNAIDS), United Nations Regular Programme for Technical Assistance (UNTA), , United Nations Peacebuilding Fund (UNPBF), International Atomic Energy Agency (IAEA), Wolrd Health Organization (WHO), United Nations Economic Commission for Europe (UNECE), Food and Agriculture Organization of the United Nations (FAO), and International Labour Organization (ILO). Data are in current U.S. dollars.; ; Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, and International Development Statistics database. Data are available online at: www.oecd.org/dac/stats/idsonline.; Sum;
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Nigeria NG: Net Official Flows from UN Agencies: WFP data was reported at 1.390 USD mn in 2016. This records an increase from the previous number of 0.040 USD mn for 1979. Nigeria NG: Net Official Flows from UN Agencies: WFP data is updated yearly, averaging 2.690 USD mn from Dec 1969 (Median) to 2016, with 11 observations. The data reached an all-time high of 6.320 USD mn in 1971 and a record low of 0.040 USD mn in 1979. Nigeria NG: Net Official Flows from UN Agencies: WFP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Defense and Official Development Assistance. Net official flows from UN agencies are the net disbursements of total official flows from the UN agencies. Total official flows are the sum of Official Development Assistance (ODA) or official aid and Other Official Flows (OOF) and represent the total disbursements by the official sector at large to the recipient country. Net disbursements are gross disbursements of grants and loans minus repayments of principal on earlier loans. ODA consists of loans made on concessional terms (with a grant element of at least 25 percent, calculated at a rate of discount of 10 percent) and grants made to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. Official aid refers to aid flows from official donors to countries and territories in part II of the DAC list of recipients: more advanced countries of Central and Eastern Europe, the countries of the former Soviet Union, and certain advanced developing countries and territories. Official aid is provided under terms and conditions similar to those for ODA. Part II of the DAC List was abolished in 2005. The collection of data on official aid and other resource flows to Part II countries ended with 2004 data. OOF are transactions by the official sector whose main objective is other than development-motivated, or, if development-motivated, whose grant element is below the 25 per cent threshold which would make them eligible to be recorded as ODA. The main classes of transactions included here are official export credits, official sector equity and portfolio investment, and debt reorganization undertaken by the official sector at nonconcessional terms (irrespective of the nature or the identity of the original creditor).). UN agencies are United Nations includes the United Nations Children’s Fund (UNICEF), United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), World Food Programme (WFP), International Fund for Agricultural Development (IFAD), United Nations Development Programme(UNDP), United Nations Population Fund (UNFPA), United Nations Refugee Agency (UNHCR), Joint United Nations Programme on HIV/AIDS (UNAIDS), United Nations Regular Programme for Technical Assistance (UNTA), , United Nations Peacebuilding Fund (UNPBF), International Atomic Energy Agency (IAEA), Wolrd Health Organization (WHO), United Nations Economic Commission for Europe (UNECE), Food and Agriculture Organization of the United Nations (FAO), and International Labour Organization (ILO). Data are in current U.S. dollars.; ; Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, and International Development Statistics database. Data are available online at: www.oecd.org/dac/stats/idsonline.; Sum;
The 2007 Nigeria Enterprise Survey was part of the UK Department for International Development/World Bank Group Investment Climate Program (ICP) that was launched by the Minister of Finance in August 2007. This program was a response to the request from the Nigeria Federal Minister of Finance to the World Bank Group and UK Department for International Development (DFID) to assist in the development of a diagnostic base on which enterprise and investment climate constraints could be measured and benchmarked internally across the 36 states and the Federal Capital Territory of Nigeria and internationally against key comparator countries, particularly the "BRIC" countries (Brazil, Russia, India and China).
The survey was conducted between September 2007 and February 2008. Data from 2387 establishments was analyzed. The survey was administered across 11 states (Abia, Anambra, Abuja, Bauchi, Cross Rivers, Enugu, Kaduna, Kano, Lagos, Ogun and Sokoto) and included manufacturing and services firms of different sizes.
The objective of the Enterprise Surveys is to obtain feedback from companies in client countries on the state of the private sector as well as to help in building a panel of enterprise data that will make it possible to track changes in the business environment over time, thus allowing, for example, impact assessments of reforms. Through face-to-face interviews with firms in the manufacturing and services sectors, the survey assesses the constraints to private sector growth and creates statistically significant business environment indicators that are comparable across countries.
The standard Enterprise Survey topics include firm characteristics, gender participation, access to finance, annual sales, costs of inputs/labor, workforce composition, bribery, licensing, infrastructure, trade, crime, competition, capacity utilization, land and permits, taxation, informality, business-government relations, innovation and technology, and performance measures. Over 90% of the questions objectively ascertain characteristics of a country’s business environment. The remaining questions assess the survey respondents’ opinions on what are the obstacles to firm growth and performance.
National
The primary sampling unit of the study is the establishment. An establishment is a physical location where business is carried out and where industrial operations take place or services are provided. A firm may be composed of one or more establishments. For example, a brewery may have several bottling plants and several establishments for distribution. For the purposes of this survey an establishment must make its own financial decisions and have its own financial statements separate from those of the firm. An establishment must also have its own management and control over its payroll.
The whole population, or the universe, covered in the Enterprise Surveys is the non-agricultural economy. It comprises: all manufacturing sectors according to the ISIC Revision 3.1 group classification (group D), construction sector (group F), services sector (groups G and H), and transport, storage, and communications sector (group I). Note that this population definition excludes the following sectors: financial intermediation (group J), real estate and renting activities (group K, except sub-sector 72, IT, which was added to the population under study), and all public or utilities sectors.
Sample survey data [ssd]
The sample includes 2387 establishments: 1891 enterprises have at least 5 full-time employees and 496 are micro establishments with less than 5 full-time workers.
The sample for enterprises with more than four employees was designed using stratified random sampling with strata defined by region, sector and firm size.
Establishments located in 11 states - Abia, Anambra, Abuja, Bauchi, Cross Rivers, Enugu, Kaduna, Kano, Lagos, Ogun and Sokoto - were interviewed.
Following the ISIC (revision 3.1) classification, the following industries were targeted: all manufacturing sectors (group D), construction (group F), retail and wholesale services (subgroups 52 and 51 of group G), hotels and restaurants (group H), transport, storage, and communications (group I), and computer and related activities (sub-group 72 of group K). For establishments with five or more full-time permanent paid employees, this universe was stratified according to the following categories of industry: 1. Manufacturing: Food and Beverages (Group D, sub-group 15); 2. Manufacturing: Garments (Group D, sub group 18); 3. Manufacturing: Other Manufacturing (Group D excluding sub-groups 15 and 18); 4. Retail Trade: (Group G, sub-group 52); 5. Rest of the universe, including: • Construction (Group F); • Wholesale trade (Group G, sub-group 51); • Hotels, bars and restaurants (Group H); • Transportation, storage and communications (Group I); • Computer related activities (Group K, sub-group 72).
Size stratification was defined following the standardized definition used for the Enterprise Surveys: small (5 to 19 employees), medium (20 to 99 employees), and large (more than 99 employees). For stratification purposes, the number of employees was defined on the basis of reported permanent full-time workers.
The sampling frame of establishments with 5 employees and more was built with lists sourced from the Nigeria Manufacturer Association, the National Bureau of Statistics in Abia, Anambra, Abuja, Cross River, Enugu, Kaduna, Lagos, the ministry of commerce and industry in Ogun, Kano, Bauchi, and from the Abuja Business Directory, the Sokoto Business Directory. This master list was used to set the target sample size for each stratum. During the survey period, the list was updated as new information regarding establishments that had closed or were out-of-scope was gathered. The final population size in all strata and locations was 771018 with the vast majority of establishments operating in the micro and manufacturing strata. The sample (including the entire rest of universe and retail sample in each state) was selected at random from the master list by a computer program.
In this survey, the micro establishment stratum covers all establishments of the targeted categories of economic activity with less than 5 employees. The implementing agency (EEC Canada) selected an aerial sampling approach to estimate the population of establishments and select the sample in this stratum for all states of the survey.
First, to randomly select individual micro establishments for surveying, the following procedure was followed: i) select districts and specific zones of each district where there was a high concentration of micro establishments; ii) count all micro establishments in these specific zones; iii) based on this count, create a virtual list and select establishments at random from that virtual list; and iv) based on the ratio between the number selected in each specific zone and the total population in that zone, create and apply a skip rule for selecting establishments in that zone.
The districts and the specific zones were selected at first according to local sources. The EEC team then went in the field to verify the sources and to count micro establishments. Once the count for each zone was completed, the numbers were sent back to EEC head office in Montreal.
At the head office, the count by zone was converted into one list of sequential numbers for the whole survey region, and a computer program performed a random selection of the determined number of establishments from the list. Then, based on the number that the computer selected in each specific zone, a skip rule was defined to select micro establishments to survey in that zone. The skip rule for each zone was sent back to the EEC field team.
In Nigeria, enumerators were sent to each zone with instructions how to apply the skip rule defined for that zone as well as how to select replacements in the event of a refusal or other cause of non-participation.
Face-to-face [f2f]
The current survey instruments are available: - Core Questionnaire + Manufacturing Module [ISIC Rev.3.1: 15-37] - Core Questionnaire + Retail Module [ISIC Rev.3.1: 52] - Core Questionnaire [ISIC Rev.3.1: 45, 50, 51, 55, 60-64, 72] - Micro Establishments Questionnaire (for establishments with 1 to 4 employees).
The "Core Questionnaire" is the heart of the Enterprise Survey and contains the survey questions asked of all firms across the world. There are also two other survey instruments - the "Core Questionnaire + Manufacturing Module" and the "Core Questionnaire + Retail Module." The survey is fielded via three instruments in order to not ask questions that are irrelevant to specific types of firms, e.g. a question that relates to production and nonproduction workers should not be asked of a retail firm. In addition to questions that are asked across countries, all surveys are customized and contain country-specific questions. An example of customization would be including tourism-related questions that are asked in certain countries when tourism is an existing or potential sector of economic growth.
The survey topics include firm characteristics, gender participation, access to finance, annual sales, costs of inputs/labor, workforce composition, bribery, licensing, infrastructure, trade, crime, competition, capacity utilization, land and permits, taxation, informality, business-government relations, innovation and technology, registration, and performance measures. The questionnaire also assesses the survey respondents' opinions on
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The report covers Nigeria Midstream Oil and Gas Companies and it is segmented by sector (transportation, storage, and terminal). The market size and forecasts for the market in revenue (USD billion) for the above segments.
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The Nigeria Data Center Market is segmented by Hotspot (Lagos), by Data Center Size (Massive, Medium, Mega, Small), by Tier Type (Tier 3) and by Absorption (Non-Utilized, Utilized). Market Volume in Megawatt (MW) is presented. Key Data Points observed include IT load capacity for existing and upcoming data centers, current and upcoming hotspots, average mobile data consumption, volume of fiber cable connectivity in KM, existing and upcoming submarine cables, rack space utilization, and number of data centers by tier.
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Nigeria NG: Net Official Flows from UN Agencies: UNTA data was reported at 0.980 USD mn in 2008. This records a decrease from the previous number of 4.800 USD mn for 2007. Nigeria NG: Net Official Flows from UN Agencies: UNTA data is updated yearly, averaging 1.740 USD mn from Dec 1969 (Median) to 2008, with 40 observations. The data reached an all-time high of 5.140 USD mn in 2005 and a record low of 0.210 USD mn in 1980. Nigeria NG: Net Official Flows from UN Agencies: UNTA data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Defense and Official Development Assistance. Net official flows from UN agencies are the net disbursements of total official flows from the UN agencies. Total official flows are the sum of Official Development Assistance (ODA) or official aid and Other Official Flows (OOF) and represent the total disbursements by the official sector at large to the recipient country. Net disbursements are gross disbursements of grants and loans minus repayments of principal on earlier loans. ODA consists of loans made on concessional terms (with a grant element of at least 25 percent, calculated at a rate of discount of 10 percent) and grants made to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. Official aid refers to aid flows from official donors to countries and territories in part II of the DAC list of recipients: more advanced countries of Central and Eastern Europe, the countries of the former Soviet Union, and certain advanced developing countries and territories. Official aid is provided under terms and conditions similar to those for ODA. Part II of the DAC List was abolished in 2005. The collection of data on official aid and other resource flows to Part II countries ended with 2004 data. OOF are transactions by the official sector whose main objective is other than development-motivated, or, if development-motivated, whose grant element is below the 25 per cent threshold which would make them eligible to be recorded as ODA. The main classes of transactions included here are official export credits, official sector equity and portfolio investment, and debt reorganization undertaken by the official sector at nonconcessional terms (irrespective of the nature or the identity of the original creditor).). UN agencies are United Nations includes the United Nations Children’s Fund (UNICEF), United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), World Food Programme (WFP), International Fund for Agricultural Development (IFAD), United Nations Development Programme(UNDP), United Nations Population Fund (UNFPA), United Nations Refugee Agency (UNHCR), Joint United Nations Programme on HIV/AIDS (UNAIDS), United Nations Regular Programme for Technical Assistance (UNTA), , United Nations Peacebuilding Fund (UNPBF), International Atomic Energy Agency (IAEA), Wolrd Health Organization (WHO), United Nations Economic Commission for Europe (UNECE), Food and Agriculture Organization of the United Nations (FAO), and International Labour Organization (ILO). Data are in current U.S. dollars.; ; Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, and International Development Statistics database. Data are available online at: www.oecd.org/dac/stats/idsonline.; Sum;
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GDP from Agriculture in Nigeria increased to 5763385.21 NGN Million in the third quarter of 2024 from 4135134.19 NGN Million in the second quarter of 2024. This dataset provides the latest reported value for - Nigeria Gdp From Agriculture - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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The report covers Downstream Oil and Gas Companies in Nigeria and the market is segmented by sector (refining, petrochemicals, and retail sales). The report offers the market size and forecasts for refining capacity (thousand barrels per day).
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The Nigeria Foodservice Market is segmented by Foodservice Type (Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.
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The Nigeria Freight and Logistics Market is segmented by End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others) and by Logistics Function (Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage). Market Value (USD) and Market Volume (ton-km, number of parcels, warehousing & storage space in square feet) are both presented. Key Data Points observed include Freight Transport Volume (ton-km) by Mode of Transport; Production Trends (Manufacturing, E-Commerce etc. in USD); Import and Export trends (in USD); and Freight Pricing Trends (USD per ton-km).
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Nigeria NG: Net Official Flows from UN Agencies: WHO data was reported at 2.670 USD mn in 2016. This records a decrease from the previous number of 5.770 USD mn for 2015. Nigeria NG: Net Official Flows from UN Agencies: WHO data is updated yearly, averaging 3.310 USD mn from Dec 2011 (Median) to 2016, with 6 observations. The data reached an all-time high of 7.790 USD mn in 2013 and a record low of 2.430 USD mn in 2014. Nigeria NG: Net Official Flows from UN Agencies: WHO data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Defense and Official Development Assistance. Net official flows from UN agencies are the net disbursements of total official flows from the UN agencies. Total official flows are the sum of Official Development Assistance (ODA) or official aid and Other Official Flows (OOF) and represent the total disbursements by the official sector at large to the recipient country. Net disbursements are gross disbursements of grants and loans minus repayments of principal on earlier loans. ODA consists of loans made on concessional terms (with a grant element of at least 25 percent, calculated at a rate of discount of 10 percent) and grants made to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. Official aid refers to aid flows from official donors to countries and territories in part II of the DAC list of recipients: more advanced countries of Central and Eastern Europe, the countries of the former Soviet Union, and certain advanced developing countries and territories. Official aid is provided under terms and conditions similar to those for ODA. Part II of the DAC List was abolished in 2005. The collection of data on official aid and other resource flows to Part II countries ended with 2004 data. OOF are transactions by the official sector whose main objective is other than development-motivated, or, if development-motivated, whose grant element is below the 25 per cent threshold which would make them eligible to be recorded as ODA. The main classes of transactions included here are official export credits, official sector equity and portfolio investment, and debt reorganization undertaken by the official sector at nonconcessional terms (irrespective of the nature or the identity of the original creditor).). UN agencies are United Nations includes the United Nations Children’s Fund (UNICEF), United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), World Food Programme (WFP), International Fund for Agricultural Development (IFAD), United Nations Development Programme(UNDP), United Nations Population Fund (UNFPA), United Nations Refugee Agency (UNHCR), Joint United Nations Programme on HIV/AIDS (UNAIDS), United Nations Regular Programme for Technical Assistance (UNTA), , United Nations Peacebuilding Fund (UNPBF), International Atomic Energy Agency (IAEA), Wolrd Health Organization (WHO), United Nations Economic Commission for Europe (UNECE), Food and Agriculture Organization of the United Nations (FAO), and International Labour Organization (ILO). Data are in current U.S. dollars.; ; Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, and International Development Statistics database. Data are available online at: www.oecd.org/dac/stats/idsonline.; Sum; Data for net official flows from WHO at present are reported at the regional level only. A more detailed breakdown by recipient country will be available in the future.
In the second quarter of 2023, the agricultural sector generated about 21 percent of Nigeria's GDP. Other key activities for the country's economy were manufacturing, trade, mining and quarrying, and telecommunication. Moreover, around seven percent of Nigeria's GDP was covered by the mining and quarrying sector. In particular, the largest contribution was from crude oil and natural gas. Nigeria is one of the key oil-producing countries and largest exporters in the world. Indeed, the country has one of the main oil reserves in the world.