Trade sec­tor now key con­trib­u­tor to econ­omy - Re­port

FLIGHT SCHED­ULE

Daily Trust - - BUSINESS - By Fran­cis Arinze Iloani

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.

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