Business LIST: 6 Key Areas of Nigeria's Economy That Are Still Growing

[LequteMan]

The National Bureau of Statistics (NBS) recently released its GDP data Q4 2015. The report shows that growth in Nigeria, Africa’s biggest economy, slowed as oil prices fell and manufacturing sank deeper into recession.

Here's a list of key growth sectors

Agriculture
Agriculture is made up of four sub-activities, namely: Crop Production, Livestock, Forestry and Fishing. In nominal terms, the sector grew by 9.50 percent year-on-year.

Trade
Trade grew by 14.75% in the Fourth Quarter of 2015 in nominal terms.

ICT

The Information and Communication sector is composed of the four activities of Telecommunications and Information Services; Publishing; Motion Picture, Sound Recording and Music Production; and Broadcasting.

The sector grew by 11.01% (year-on-year) in the fourth quarter of 2015.

Transportation and Storage

Transport and Storage comprises 6 activities; Road Transport; Rail Transport and Pipelines; Water Transport; Air Transport; Transport Services; and Post and Courier Services.

The sector grew by 16.81% in Nominal terms in the Fourth Quarter of 2015 (year on year).

Arts and Entertainment

Nominal growth in the Arts, Entertainment and Recreation sector was 15.48% in the fourth quarter of 2015.

Real Estate

In nominal terms, Real Estate Services in the fourth quarter of 2015 grew by 8.27%