SECTORAL CONTRIBUTION TO GROSS DOMESTIC PRODUCT (GDP) IN NIGERIA ECONOMY (1970 – 2012)

Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 17 ISSUE 3
Written by Chidinma Rosemary OKEZIE, Ozioma Donatus IHEBUZOAJU

This work aimed at determining the effect of sectoral contributions to the GDP of Nigeria from 1970-2012. The specific objectives were to examine the trend of the sectors selected, and their effect to the Nigeria’s economy over the study period, the historical secondary data was obtained from Central Bank of Nigeria (CBN), Nigerian Bureau of statistics (NBS), and federal Ministry of Agriculture and Rural Development (FMARD). The objectives were analysed using trend analysis graph, Pearson correlation and multiple regression analysis. It was observed that the various sectors (agricultural, petroleum, education, health and telecommunication sectors) over the study period has contributed to the growth of GDP of the Nigeria economy at various rates, it is believed that the sectors will contribute more in years to come to the GDP, leading to a speedy growth of the economy if effective and sustainable policy be put in place by the Government.

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OKEZIE C.R., IHEBUZOAJU O.D. 2017, SECTORAL CONTRIBUTION TO GROSS DOMESTIC PRODUCT (GDP) IN NIGERIA ECONOMY (1970 – 2012). Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 17 ISSUE 3, PRINT ISSN 2284-7995, 231-238.


The publisher is not responsible for the opinions published in the Volume. They represent the authors’ point of view.
Copyright 2012. To be cited: Scientific Papers. Series “Management, Economic Engineering in Agriculture and Rural Development“
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