Nigeria: 'Four Sectors Could Contribute U.S.$800 Billion to Nigeria's GDP By 2030'

8 June 2014

Four sectors namely agriculture, trade, manufacturing and infrastructure could contribute about $800 billion to Nigeria's current gross domestic product (GDP) of $510 billion by 2030. This was indicated in a report by the McKinsey Global Institute (MGI), the business and economics arm of world acclaimed McKinsey & Company.

Going by the rebased GDP, the four accounted for $251 billion in 2013. But in the MGI's report titled "Nigeria's Renewal: Delivering Inclusive Growth in Africa's Largest Economy," which took a bottom-up analysis of the potential GDP contribution from agriculture, trade, manufacturing and infrastructure by 2030, these sectors will be among the most important in driving productivity and contributing to inclusive growth in Nigeria.

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