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
Housing How much does the Nigerian government budget for social housing in a year? Source Public Presentation of Approved 2022 FGN Budget – Breakdown and Highlights Short answer How much does the Nigerian government budget for social housing in a year? The federal government allocated N10 billion for its Social Housing Scheme (Family Homes Fund) in 2022. ... Back Full answer
Housing What is Nigeria’s housing deficit? Source World Development Sustainability Journal 1 (2022): Insights of housing providers’ on the critical barriers to sustainable affordable housing uptake in Nigeria Short answer What is Nigeria’s housing deficit? Nigeria is currently experiencing the worst housing deficit and crisis in decades since the 2015 economic recession. The country has a homeownership rate of no more than 20% and a housing shortage of more than 20 million units. ... Back Full answer
#YouAsked Natural resources & energy How many artisanal miners are there in Nigeria? Source Delve Database - Nigeria Short answer How many artisanal miners are there in Nigeria? According to Delve, a global platform for artisanal and small scale mining data, there are an estimated 400,000 to 500,000 people working in the Artisinal and Small Scale Mining Sector in Nigeria. ... Back Full answer
Natural resources & energy How much electricity does Nigeria generate? Source USAID: Power in Nigeria Factsheet Short answer How much electricity does Nigeria generate? Nigeria has large oil, gas, hydro and solar resources, and it has the potential to generate 12,522 MW of electric power from existing plants. On most days, however, it is only able to dispatch around 4,000 MW, which is insufficient for a country of over 195 million people. ... Back Full answer