#YouAsked Economy How much does fuel cost in Nigeria? Source National Bureau of Statistics: Premium Motor Spirit (Petrol) Price Watch (November 2023) Short answer How much does fuel cost in Nigeria? The average retail price paid by consumers for Premium Motor Spirit (petrol) in November 2022 was N202.48,a 29.81% increase compared to the value in November 2021 (N167.60). ... Back Full answer
#YouAsked Economy What is Nigeria’s GDP per capita? Source World Bank: GDP per capita (current US$) - Nigeria Short answer What is Nigeria’s GDP per capita? The country’s GDP per capita (nominal GDP divided by the mid-year population) was US$2,184 in 2022 as per World Bank estimates. ... Back Full answer
Natural resources & energy Economy What is the contribution of the oil sector to Nigeria’s GDP? Source National Bureau of Statistics: Nigerian Gross Domestic Product Report Q3 2023 Short answer What is the contribution of the oil sector to Nigeria’s GDP? In nominal terms, Nigeria's GDP stood at N60.66 trillion in the third quarter of 2023. The oil sector contributed 5.48%) to the total real GDP that quarter, lower than the 5.66% figure recorded in the corresponding period of 2022, and also less than in the preceding quarter, when it contributed 5.34... Back Full answer
Economy What is the youth unemployment rate in Nigeria? Source The World Bank: Unemployment, youth total (% of total labor force ages 15-24) - Nigeria Short answer What is the youth unemployment rate in Nigeria? The World Bank defines youth as people between the ages of 15 and 24. In 2021, the unemployment rate among young people in Nigeria was 19.6%. ... Back Full answer
Economy Agriculture How much does agriculture contribute to Nigeria’s GDP? Source Nigerian Gross Domestic Product Report Q1 2023 (Nigeria National Bureau of Statistics) Short answer How much does agriculture contribute to Nigeria’s GDP? Agriculture contributed 19.63% to nominal GDP in the first quarter of 2023. This figure was lower than the share recorded in the first quarter of 2022 and in the fourth quarter of 2022 which were 21.09% and 24.90% respectively. However, the sector contributed 21.66% of total GDP in real terms in the... Back Full answer
Economy What is Nigeria’s national debt? Source National Bureau of Statistics: Nigeria's Total Public Debt as at June 30, 2022 Short answer What is Nigeria’s national debt? Nigeria's Total Debt Stock (Foreign & Domestic), as of 30 June 2022 stood at N45.5billion (US$103.3 million). ... Back Full answer
Economy What region receives the largest share of African Export Import Bank (Afreximbank) loans? Source African Export-Import Bank: Half Year 2022 Results Presentation Short answer What region receives the largest share of African Export Import Bank (Afreximbank) loans? West Africa accounted for 42.9% of Afreximbank loans in the first half of 2022. The major beneficiaries of this support were the financial services and oil and gas sectors. The bank has stepped in to fill the financing gap created in the oil and gas sector following the withdrawal of international b... Back Full answer
Economy How many small to medium enterprises (SMEs) are there in Nigeria? Source Africa Check FACTSHEET: What the numbers say about the fortunes of Nigeria’s women Short answer How many small to medium enterprises (SMEs) are there in Nigeria? In Nigeria, the official statistics agency regards small and medium enterprises as businesses that employ 10 to 199 people. A national survey in 2017 found that Nigeria had 73,081 such businesses. ... Back Full answer
Sex & gender Economy What share of Nigeria's female population is employed by SMEs in Nigeria? Source Africa Check FACTSHEET: What the numbers say about the fortunes of Nigeria’s women Short answer What share of Nigeria's female population is employed by SMEs in Nigeria? The statistical report on women and men showed 43.43% of people employed by these businesses were women. ... Back Full answer