Trade sector now key contributor to economy - Report

FLIGHT SCHEDULE

ARIK AIR

Abuja-Lagos 7:00, 9:00, 11:00, 13:00, 15:00, 17:00 Lagos-Abuja 7:00, 9:00, 11:00, 13:00, 15:00, 17:00 Abuja-Kano 14:20; Kano-Abuja 15:50 Abuja-Gombe 11:45; Gombe-Abuja 13:30 Abuja-Sokoto 9:40; Sokoto-Abuja 11:20 Abuja-Yola 16:30; Yola-Abuja 7:40 Abuja-Port Harcourt 7:00, 11:00, 16:30 Port Harcourt-Abuja 8:40, 12:40, 18:10 Kano-Lagos 13:10; Lagos-Kano 11:05 Lagos-Kaduna 11:30

AERO

Abuja — Lagos 07:00, 08:45, 10:45, 12:45, 14:00, 14:45, 16:45, 19:45 Abuja — Sokoto 10:40 Kaduna-Lagos 09:20, 17:20 Kano-Lagos 08:30, 17:05, 18:05 Lagos-Abuja 06:45, 08:45, 10:45, 12:45, 14:45, 16:45, 18:45 Lagos-Kaduna 07:00, 15:00; Lagos-Sokoto 08:45 Sokoto-Abuja 12:15; Sokoto-Lagos 12:15

AZMAN AIR

MONDAY- FRIDAY: Kano-Lagos, 7:30 a.m., 3.45pm Abuja -Lagos 1:20 a.m., 5:30 p.m., 7.00pm Lagos-Abuja 9:45 a.m., 3:30 p.m. Abuja-Kano 2:30 p.m. Kano-Abuja-Maiduguri 8:15 a.m. Abuja-Maiduguri 9:30 a.m. Maiduguri-Abuja-Lagos 11:20 a.m. Abuja-Yola 11:30 a.m. Yola-Abuja-Kano 1 p.m.; Sat: Kano-Abuja 8.00am Abuja-Lagos 9:30 a.m.; Lagos-Kano 6 p.m.

OVERLAND AIRWAYS

Abuja-Minna 0730, 1750, Abuja-Bauchi 0900 Bauchi-Abuja 10.30, Minna-Abuja 1750 Lagos-Ilorin 0700, 1500, 0700, Abuja-Ibadan 1600 Ibadan-Abuja 0745, 1600

DANA AIR

MONDAY- FRIDAY: Lagos -Abuja Departure 7.02am, 11.07am, 3.30pm, and 5.10pm, Abuja -Lagos 9 a.m., 1.05pm, 5.28pm, 7.08pm Sat: Lagos-Abuja 7.02, 11.07am, 15.30pm, 5.10pm Lagos- Uyo 9.17am Daily; Uyo-Abuja 11.07am daily Abuja — Uyo 1.05pm; Uyo-Lagos 3.03pm Lagos -PHC Mon-Friday 7.20am; PHC-Abuja 9.18am Abuja-Phc 3.30pm Daily & Sun; Phc-Lagos 5.28pm

MEDVIEW

Abuja — Lagos: 09.00, 1400, 1500, 1715, 1915, 20.00. Lagos — Abuja: 07.00, 08.50, 11.15, 12.00, 15.15, 17.15. Abuja — Kano: 17.00 Kano — Abuja: 18.30 Lagos — Kano: 15.15 Kano — Lagos: 18.30 Abuja — Maiduguri: 13.15 Maiduguri — Abuja: 15.15 Lagos — Maiduguri: 11.15 Maiduguri — Lagos: 15.15 Abuja — Yola: 10.50 Yola — Abuja: 13.00 Lagos — Yola: 08.50 Yola — Lagos: 13.00 Enugu — Lagos: 08.45 Lagos — Enugu: 07.15 Lagos — Port Harcourt: 11.30 Port Harcourt — Lagos: 13.20

An analysis of the contribution of the trade sector to the Nigerian economy in the last one year has shown that it is a key contributor despite the general downturn in the country.

Analysis of data sourced from the National Bureau of Statistics (NBS) showed that the trade sector contributed N15.70 trillion to the nation’s economy in 2015, second to crop production which contributed N17.19 trillion.

The data showed that trading contributed more to the economy than activities in mining, quarrying and manufacturing.

The Daily Trust’s analysis showed that trade sector’s contribution grew from N3.66 trillion recorded at the first quarter of 2015 to N4.23 in the first quarter of 2016.

While other sectors are witnessing steep declines in their contributions to the economy, the trade sector remained resilient with its contribution to nominal Gross Domestic Product (GDP) in the first quarter recorded at 21.55 per cent, which is greater than the contribution in the same quarter of the previous year of 20.08 per cent, and in the preceding quarter of 18.99 per cent.

The data showed that in real terms, trade’s contribution to GDP was 18.19 per cent in Q1 2016, higher than the 17.77 per cent it represented in the previous year, and 16.68 per cent recorded in the preceding quarter.