THUR, MAY 30 2019-theG&BJournal- In 2017, the nominal gross domestic product for the 22 states stood at N63.8trillion, or 56% of Nigeria nominal gross domestic product in that year, according to the latest data published by the National Bureau of Statistics (NBS) on states nominal GDP between 2013 and 2017.
By sector, the 22 states accounted for 57%, 77% and 48% of agriculture, industry and services GDP at the national level respectively. Among the 22 states, however, services sector accounted for 67%, while agriculture accounted for 22% and industry, 11%.
Among the 22 states, FCT had the highest gross domestic product at N10.6 trillion, or 17% of total states GDP. This was followed by Akwa-Ibom and Rivers States, each with 8% of total states GDP. Eboyi, Gombe and Zamfara states were the bottom three accounting for N1,327,104.09, N1,239,249.37 and N1,100,458.02 respectively.
In the FCT, services accounted for 81% of GDP while industry and agriculture accounted for 18% and 10% respectively. In Akwa-Ibom, however, industry accounted for 65% while services and agriculture accounted for 19% and 16% respectively.
Across the 22 states, the non-oil sector represented 98% of total states GDP while the oil sector accounted for only 2%. The minimal contribution of the non-oil sector across the 22 states reflects the conscious drive to diversify the economy by the federal government which also is rubbing off on states.
The 6 states with the highest nominal GDP in 2017 – FCT, Akwa-Ibom, Rivers, Delta, Bayelsa, Anambra – accounted for about 50% of the total states GDP, or 27% of Nigeria nominal GDP, in 2017.
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