Investor Presentaiton

Nigerian Economic Output Broadly Diversified Oil exports remain the highest single source of revenue, however, the broader economy is fairly diversified - 91% of economic output is in the non-oil sector and 35% of total labour force is in a resilient agricultural sector. 2019 GDP Share by Sector Financial Sector 3% Transportation 2% Other Services 3% Professional Services 3% Construction 6% Real Estate Others 7% Agriculture 22% 6% Trade 16% Oil and Gas 9% ICT 11% Manufacturing 12% Economic output diversified from Oil & Gas 9% N146 Trn 91% ■Non-Oil Oil Federal Ministry of Finance, Budget and National Planning 3 Source: Nigeria National Bureau of Statistics, CBN 2019 Real GDP Growth Rate by Sector (2010 Constant Basic Prices) 11.1% ICT 10.7% Transport 5.5% 4.6% 4.4% 4.1% Water Oil and Gas Mining Arts Source: Nigeria National Bureau of Statistics, CBN Real GDP Growth Rate 2017 - 2021 (%, yoy) 2.9% 2.3% 1.9% 0.8% 2017 2018 2019 (4.4%) 2020F Source: Ministry of Finance, Budget & National Planning, Nigeria National Bureau of Statistics 2021F

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