How major sectors - 80% of GDP - performed in Q3:
Agric: 1.39%
Telecomms & IT: 17.36%
Trade: -12.12%
Crude Oil&Gas: -13.89%
Real Estate: -13.4%
Food, Beverage etc. : 5.57%
Finance Inst. : 28.41%
Construction: 2.84%
Professional Services: -10.31%
Banks & Telecomms thriving!
Agric: 1.39%
Telecomms & IT: 17.36%
Trade: -12.12%
Crude Oil&Gas: -13.89%
Real Estate: -13.4%
Food, Beverage etc. : 5.57%
Finance Inst. : 28.41%
Construction: 2.84%
Professional Services: -10.31%
Banks & Telecomms thriving!
Banks succeeding but the insurance industry in distress (-29.53%) . Trade continues the downward slide, with negative growth in 7 consecutive quarters. Despite the noise in agric, the sector hasn't grown above 2.5% in last 7 quarters. This kind of agric won't scale us.
Real state is in a bad shape and transport sector suffered the worst fate in 2020. Construction and cement seem to swing together. There's no good news in electricity sector. That's Nigeria's story.
This is the kind of report that leads to an emergency meeting. This is Nigeria.
This is the kind of report that leads to an emergency meeting. This is Nigeria.
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