Investor Presentaiton
NGN 'Billion
CONFIDENTIAL
Nigeria Overview: Key Macro-economic Indicators
REAL GDP, OIL AND NON-OIL GROWTH RATES
(2018
Q3/2023)
GDP COMPOSITION (%) (2018 - Q3/2023)
10.00%
BANK OF INDUSTRY
...transforming Nigeria's industrial sector
32.85
32.75
26.54
5.00%
30.61
29.52
29.78
5.48
0.00%
7.06
7.32
5.87
5.19
4.34
4.36
2.72
3.19
2018
2019
2020
2021
2022
2023
3.07
3.66
3.95
12.22
13.12
15.97
15.05
15.21
16.22
-5.00%
16.44
11.06
15.61
13.86
13.42
13.2
8.42
-10.00%
8.86
8.74
8.6
8.46
8.4
-15.00%
29.31
25.13
25.16
24.23
24.17
24.05
REAL GROWTH RATE AT BASIC PRICE
SOURCE: NATIONAL BUREAU OF STATISTICS
NON OIL GROWTH RATE
OIL GROWTH RATE
2018
2019
2020
2021
2022
2023
NIGERIA'S OIL AND NON OIL EXPORTS (2018- Q3/2023)
2018
2019
2020
2021
2022
Oil Exports
Non Oil Exports
Total Exports
SOURCE: NATIONAL BUREAU OF STATISTICS
6
| Private & Confidential
2023
Agriculture Manufacturing* Trade Information and Communication Financial Inst Oil Other Services*
SOURCE: NATIONAL BUREAU OF STATISTICS
.
.
Crude Oil production reached 1.67mbpd in September 2023 and is
projected to average 1.78mbpd in 2024.
The positive outlook in the recovery of the Oil and Gas Sector, which
remains the major source of export earnings indicates that the efforts
being made to implement the Petroleum Industry Act 2021, and thereby
boost investments, as well as mitigate the production risks in the sector
are beginning to yield positive results.
The NNPC operates as a commercial entity and new regulatory bodies
have been established: The Nigerian Upstream Regulatory Commission
and The Nigerian Midstream and Downstream Petroleum Regulatory
Authority in line with the PIA 2021.View entire presentation