Electricity Sector Experience Highest Growth Value

The Nigerian electricity sector classified with gas, steam and air conditioning supply recorded the highest growth by any sector in the country, posting a 78.16 percent year-on-year real GDP growth, according to the recently released Gross Domestic Product (GDP) report, by the National Bureau of Statistics (NBS).

According to the report, Nigeria’s non-oil sector of the economy was largely driven by growth recorded in trade, telecommunication, road transport, electricity, crop production, and food production.

Also, on a half-year basis, the sector grew by 56.58 percent year-on-year compared to a contraction of 2.78 percent recorded in the corresponding period of 2020.