Capital Importation And Gross Domestic Product Growth Rate And Contribution To GDP
Real GDP at 1990 Base Year
Stalled growth, post-2005
Real GDP at 2010 Base Year
The demise of Nigerian manufacturing, post 2014
Capital Importation: Overall capital imported into the manufacturing sector fell deeply in 2015 and has remained low in 2016H1 on the account of present FOREX issues affecting businesses in the sector and discouraging investors.
Gross Domestic Product Growth Rate and Contribution to GDP: Growth in the manufacturing sector fell drastically in 2015 due to capital and forex controls introduced by monetary authorities to moderate the downward pressure on the external value of the Naira. The sector also witnessed further decline in 2016Q1 largely driven by contractions in oil refining, cement, food and beverage and tobacco production.
Capital Importation: Capital expenditure into the construction sector remained above 10 percent since 2005 until 2015. Similar to the manufacturing sector, overall capital imported into the constructi
Crude Oil Price: Crude oil price attained a historical low of $30.7 in January 2016 largely due to excess global oil supply.
Crude Oil Production and Export: Oil production has continued to fall in
FDI, FPI and other Investments: The unusual fall in overall capital importation, especially in equity investment, in the late 2015 and early 2016 is attributable to the tougher macroeconomic and finan
External Reserve: External reserve picked up from its year-2000 level below $10,000 million to above $60,000 million in 2008. However, the external reserve fell deeply in 2010/11 and even further in 2