Contribution of oil sector to GDP in Nigeria 2018-2020

Nigeria's oil sector contributes to about nine percent of the country's GDP. Between April and June 2020, the oil industry contributed to 8.93 percent of the total real GDP, a slight decrease compared to the same period of 2019.
Over 90 percent of Nigeria's export value was generated by mineral fuels, oils, and distillation products' sector in 2018, accounting for approximately 58 billion U.S. dollars.

Contribution of oil sector to GDP in Nigeria from the 4th quarter of 2018 to the 2nd quarter of 2020

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Source

Release date

August 2020

Region

Nigeria

Survey time period

Q4 2018 to Q2 2020

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Statistics on "Oil industry in Nigeria"

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