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: Since the dramatic decline in 2013, private and government sector investments in the sector have remained low in 2016.
Budgetary Allocation: Budgetary allocations to the transpo
Balance of Trade (Export and Import): With export and, to lesser extent, import declining balance of trade fell deeply in 2015 and, to lesser extent, in 2016Q1.
Export and its Components: In 2015 and 2016Q1, overall export earnings declined significantly to a record low of less than $3000 million in 2016Q1, as against the peak of above $10,000 million in 2008
Gross Federally Collected Revenue: Both oil and non-oil components of gross federal revenue fell below N40 billion in 2016, after recording a peak of N90 billion in 2013. The decline was most prominen