Nairametrics
Nigeria’s manufacturing sector recorded a real GDP growth of 4.29% (year-on-year), an improvement from the corresponding quarter of 2020 and the preceding quarter of Q2 2021 by 5.80% and 0.80%, respectively.
This information was contained in the quarterly Gross Domestic Product report, published by the National Bureau of Statistics. The nominal GDP growth for the sector however, was recorded at 32.73%, reflecting a growth of 19.18% from Q3 2020 and a decline of 5.60% quarter on quarter.
The contribution of Manufacturing to the Nominal GDP in the third quarter 2021 was 15.59%, higher than its contribution to the Nominal GDP in the corresponding period of 2020 at 13.56% and higher than the contribution in Q2 2021 at 14.18%…
