NATIONAL BUREAU OF STATISTICS

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Key Statistics

Latest Reports

Selected Food Prices Watch (August 2020)
(Agriculture)

Transport Fare Watch August 2020
(Transport)

National Household Kerosene Price Watch (August 2020)
(Petroleum )

Liquefied Petroleum Gas (Cooking Gas) Price Watch August 2020
(Petroleum )

Automatic Gasoline Oil (Diesel) Price Watch (August 2020)
(Petroleum )

Premium Motor Spirit (Petrol) Price Watch (August 2020)
(Petroleum )

CPI and Inflation Report August 2020
(CPI and Inflation Reports)

Nigerian Domestic And Foreign Debt Q2 2020
(Financial)

Selected Banking Sector Data (Q2 2020) : Sectorial Breakdown of Credit, ePayment Channels and Staff Strength
(Financial)

Federal Account Allocation Committee (FAAC) June 2020 Disbursement
(Federal Account Allocation Committee)

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In the second quarter of 2020, the nominal year on year growth rate of Trade stood at –14.95%. This indicates a decrease of –17.97% points when compared to the rate in the second quarter of 2019, and –14.67% points lower than the previous quarter growth rate of –0.27%.

GDP

In nominal terms, Other Services declined by –13.40% (year-on-year) in Q2 2020. This growth rate is lower than the 5.92% growth rate recorded in the same quarter of the previous year and 3.71% in Q1 2020 by –19.32% points and –17.11% points respectively.

GDP

Nominal GDP growth of the Manufacturing sector in the second quarter of 2020 was recorded at –0.14% (year-on-year), or -37.92% points lower than figures recorded in the corresponding period of 2019 (37.79%) and –28.61% points lower than the preceding quarter’s figure of 28.47%. Quarter on Quarter growth of the sector was recorded at –13.31%.

GDP

In nominal terms, the Public Administration sector grew by 4.02% in Q2 2020, higher by 4.24% points from the corresponding quarter of 2019, and 10.35% points relative to Q1 2020. Quarter-on-Quarter, the sector grew by 34.28%.

GDP

Nominal growth In the Education sector in the second quarter of 2020 was –22.09% (year-on-year), down by –33.18% points from the corresponding quarter of 2019, and by –29.12% points when compared to Q1 2020

GDP

In real terms, the agricultural sector grew by 1.58% (year-on-year) in the second quarter of 2020, a decrease of –0.21% points from the corresponding period of 2019, and –0.62% points from the preceding quarter.

GDP

The non-oil sector declined by –6.05% in real terms during the reference quarter (Q2 2020). It was the first decline in real non-oil GDP growth rate since Q3 2017. The recorded growth rate was –7.70% points lower compared to the rate recorded during the same quarter of 2019, and –7.60% points compared to the first quarter of 2020

GDP

In the second quarter of 2020, an average daily oil production of 1.81 million barrels per day (mbpd) was recorded. This was -0.21mbpd lower than the daily average production of 2.02mbpd recorded in the same quarter of 2019, and –0.26mbpd lower than the first quarter 2020 production volume of 2.07mbpd

GDP

The total value of capital importation into Nigeria stood at $5,820.21m in the second quarter of 2019. This represents a decrease of -31.41% compared to Q1 2019 and +5.56% increase compared to the second quarter of 2018.
The largest amount of capital importation by type was received through Portfolio investment, which accounted for 73.76% ($4,292.89m) of total capital importation, followed by Other Investment, which accounted for 22.41% ($1,304.43m) of total capital imported and Foreign Direct Investment (FDI), which accounted for 3.83% ($222.89m) of total capital imported in Q2 2019.

Capital Importation

TOTAL REVENUE AVALABLE TO STATES IN 2019

		.				% Contribution to Total Revenue Available 2019			2019 ON 2018
States	FAAC 2019 (N)	IGR 2019 (N)	Total Revenue Available 2019 (N)	% Share of Total FAAC 2019	% Share of Total State IGR 2019	FAAC	IGR	Total Revenue Available 2018 (N)	Year on Year Growth %
Abia	52,039,868,624.86	14,769,307,658.56	66,809,176,283.42	2.10%	1.11%	77.89%	22.11%	70,161,217,967.64	-4.78%
Adamawa	48,338,702,097.28	9,704,660,185.42	58,043,362,282.70	1.95%	0.73%	83.28%	16.72%	55,715,083,240.01	4.18%
Akwa Ibom	171,975,537,274.47	32,291,014,771.52	204,266,552,045.99	6.95%	2.42%	84.19%	15.81%	226,575,882,622.71	-9.85%
Anambra	53,893,862,221.01	26,369,195,864.89	80,263,058,085.90	2.18%	1.98%	67.15%	32.85%	74,555,213,544.25	7.66%
Bauchi	52,357,124,339.87	11,696,955,884.75	64,054,080,224.62	2.12%	0.88%	81.74%	18.26%	63,711,681,751.95	0.54%
Bayelsa	140,129,363,936.74	16,342,762,531.98	156,472,126,468.72	5.67%	1.22%	89.56%	10.44%	166,741,411,990.33	-6.16%
Benue	54,340,296,718.03	17,850,480,389.57	72,190,777,107.60	2.20%	1.34%	75.27%	24.73%	66,656,560,913.88	8.30%
Borno	61,713,490,791.62	8,175,248,326.42	69,888,739,118.04	2.50%	0.61%	88.30%	11.70%	69,796,003,857.57	0.13%
Cross River	36,312,879,237.96	22,597,063,882.55	58,909,943,120.51	1.47%	1.69%	61.64%	38.36%	54,506,799,760.22	8.08%
Delta	219,282,893,930.70	64,678,796,991.57	283,961,690,922.27	8.87%	4.85%	77.22%	22.78%	272,073,791,302.60	4.37%
Ebonyi	44,627,158,742.33	7,455,294,676.59	52,082,453,418.92	1.80%	0.56%	85.69%	14.31%	51,099,596,507.94	1.92%
Edo	64,679,690,145.36	29,478,406,024.31	94,158,096,169.67	2.62%	2.21%	68.69%	31.31%	97,595,143,525.59	-3.52%
Ekiti	41,286,185,929.89	8,546,875,648.24	49,833,061,578.13	1.67%	0.64%	82.85%	17.15%	45,791,036,144.28	8.83%
Enugu	51,984,942,970.06	31,069,466,913.00	83,054,409,883.06	2.10%	2.33%	62.59%	37.41%	75,250,392,365.92	10.37%
Gombe	41,019,881,265.47	6,803,064,814.10	47,822,946,079.57	1.66%	0.51%	85.77%	14.23%	51,151,677,198.33	-6.51%
Imo	56,086,098,287.13	16,095,299,620.59	72,181,397,907.72	2.27%	1.21%	77.70%	22.30%	69,065,916,947.83	4.51%
Jigawa	58,858,181,316.18	12,926,658,146.29	71,784,839,462.47	2.38%	0.97%	81.99%	18.01%	69,574,177,146.68	3.18%
Kaduna	67,100,907,303.95	44,956,576,583.38	112,057,483,887.33	2.71%	3.37%	59.88%	40.12%	98,296,328,162.50	14.00%
Kano	82,485,067,955.07	40,593,701,332.48	123,078,769,287.55	3.34%	3.04%	67.02%	32.98%	128,313,273,351.46	-4.08%
Katsina	63,256,905,564.21	8,496,742,119.00	71,753,647,683.21	2.56%	0.64%	88.16%	11.84%	68,613,353,789.57	4.58%
Kebbi	52,903,252,905.60	7,367,334,837.13	60,270,587,742.73	2.14%	0.55%	87.78%	12.22%	59,462,137,460.36	1.36%
Kogi	52,336,274,793.13	16,389,026,388.86	68,725,301,181.99	2.12%	1.23%	76.15%	23.85%	72,688,767,694.49	-5.45%
Kwara	42,432,526,858.74	30,646,731,408.92	73,079,258,267.66	1.72%	2.30%	58.06%	41.94%	67,620,175,560.78	8.07%
Lagos	117,883,619,963.70	398,732,246,493.38	516,615,866,457.08	4.77%	29.88%	22.82%	77.18%	501,205,576,422.67	3.07%
Nasarawa	44,865,859,450.71	10,858,822,422.98	55,724,681,873.69	1.81%	0.81%	80.51%	19.49%	55,117,135,184.88	1.10%
Niger	56,447,911,750.79	12,765,034,972.30	69,212,946,723.09	2.28%	0.96%	81.56%	18.44%	67,953,800,532.59	1.85%
Ogun	38,710,634,518.43	70,922,590,495.89	109,633,225,014.32	1.57%	5.32%	35.31%	64.69%	124,198,350,682.06	-11.73%
Ondo	57,927,048,890.29	30,135,881,918.26	88,062,930,808.55	2.34%	2.26%	65.78%	34.22%	89,474,787,548.44	-1.58%
Osun	24,222,272,968.41	17,922,394,523.43	42,144,667,491.84	0.98%	1.34%	57.47%	42.53%	33,218,969,112.52	26.87%
Oyo	55,800,604,161.25	26,746,460,235.93	82,547,064,397.18	2.26%	2.00%	67.60%	32.40%	83,924,234,062.99	-1.64%
Plateau	42,224,236,190.96	16,480,111,593.83	58,704,347,784.79	1.71%	1.24%	71.93%	28.07%	56,611,627,967.00	3.70%
Rivers	158,449,294,787.50	140,398,744,302.70	298,848,039,090.20	6.41%	10.52%	53.02%	46.98%	285,407,393,228.92	4.71%
Sokoto	55,476,385,825.97	19,005,093,541.11	74,481,479,367.08	2.24%	1.42%	74.48%	25.52%	73,222,065,855.52	1.72%
Taraba	46,515,352,151.03	6,533,106,447.27	53,048,458,598.30	1.88%	0.49%	87.68%	12.32%	53,846,611,045.27	-1.48%
Yobe	51,606,083,679.10	8,444,634,099.09	60,050,717,778.19	2.09%	0.63%	85.94%	14.06%	57,257,208,718.97	4.88%
Zamfara	41,762,298,726.55	15,416,043,399.76	57,178,342,126.31	1.69%	1.16%	73.04%	26.96%	49,038,520,686.74	16.60%
FCT	71,905,269,001.29	74,564,180,835.31	146,469,449,836.60	2.91%	5.59%	49.09%	50.91%	138,689,593,595.35	5.61%
Total	2,473,237,965,275.64	1,334,226,010,281.36	3,807,463,975,557.00	100.00%	100.00%	64.96%	35.04%	3,744,181,497,450.80	1.69%

Key Indicators

Month-on-month	1.34 %
Year-on-Year	13.22 %
12 Month Avg. Chg	12.23 %

CPI - All.

August 2020

Month-on-month	1.05 %
Year-on-Year	10.52 %
12 Month Avg. Chg	9.64 %

CPI - Core.

August 2020

Month-on-month	1.67 %
Year-on-Year	16.00 %
12 Month Avg. Chg	14.87 %

CPI - Food.

August 2020

By Expenditure	2.55 %
Final Household Consumption	0.38 %
Capital Formation	6.31 %

GDP.

Q4 2019

Unemployment	27.1 %
Underemployment	28.6 %
Youth Unemp/Underemp	34.9 %

Unemployment/Underemployment.

Q2 2020

Average PMS Price	N 128.88
State with Highest Price	Gombe (N 139.33)
State with Lowest Price	Oyo (N 124.39)

Premium Motor Spirit.

May 2020

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