It seems that a lot of Nigerians (if you use nairaland to judge Nigerians) do not know the very basic way the Nigeria economy works or do not want to. There have been a lot of debates about GDP and the poverty of Nigerian states/cities and Nigeria itself on nairaland. Not only is it obvious that it is possible that a country can have a high GDP but can be populated with thousands or millions of poor/working class people (United Arab Emirates or "Dubai" ), but this ignores the strict way of judging a places GDP.

GDP refers to the value of the official goods and products and services a place makes. There is a reason why they specify official, because in every country on this earth you also have what is called an informal economy or sector. The majority of citizens in countries like Nigeria live off of the informal sector. Countries like Nigeria have not yet incorporated a large amount of the business in the country to the formal sector, and many people do not feel like paying tax even if they could.

If you go by the GDP of Nigeria, it means that Nigerian's roughly make $1,400 a head, if you add in the rough estimate of the informal sector (because no one can give the correct number of it's size) then this figure per head jumps to $3,900. In fact Nigeria's $451 billion GDP jumps to over $600 billion when the conservative estimate of the informal sector is added. [Link]

What does this mean? In Nigeria the majority of businesses run by people is informal. GDP is merely counting official things like civil service, agriculture, large scale businesses and so on. To put it simply, businesses that are taxed and registered are part of the GDP.

GDP does not include Mama Nekchi's boutique shop, Mallam Ibrahim's suya joint, or Mr Oyetunde's mechanic shop because none of these businesses are taxed. This is why Western media outlets usually say Nigerian's live on one dollar a day or less because the $30,000 cars Emeka is importing doesn't count towards the economy, appart for maybe shipping handling.

GDP of a state in Nigeria does not reflect the level of business in a state. For example, if Jigawa State were to produce groundnuts and a few other agricultural products, and Delta, for example, produced none, it would read that Jigawa has a better economy than Delta, which is a sense true because you can't rely completely on informal sectors, but it also does not show that the average groundnut farmer is making $2000 a year, while an Delta State citizen, because of the informal sector, is make $6000.

Let's start to read into things more.

Thread in relation: https://www.nairaland.com/1439666/enugu-one-poorest-states-nigeria

where can i get the data of nigeria's oil gdp from 1992 - 2012?

I don't know.

bro ezeagu nigerians are too dumb to understand what you are trying to say here.
they would rather believe that anambra or enugu state are poorer than oyo and ekiti states.
they should keep living their lies. it charges them like battery!

Thanks goodness for this link

www.en.m.wikipedia.org/wiki/Economy_of_Nigeria

Its about the latest report (as in last year). In it shows that the major bulk of d country's income does not come anymore from crude oil BUT rather from agriculture & other services.

Which co-notes what?...

ALL REGIONS TOO PUT IN EFFORT IN GENERATING INCOME !!!

Hence, any region thinking Nigeria's income comes only from one source is ABSOLUTELY DELUDED !!

THAT IS A LAME DEFINITION.
Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period of time.
That is why IMO for example has an higher GDP ( oil production) than anambra(buying and selling). the trailer drivers transporting the goods from/to anambra provide (produce) a service and as such adds to the GDP.
While the importer himself who may have stimulated the transport service ,may not be adding to the GDP in the true sense because those goods are were produced elsewhere.
That is why a molue driver is more useful to the country than an importer as that molue driver ,after the initial capital outlay, is not adding to the country's balance of trade deficit.

There is no poverty in southeast nigeria. Poverty is high in yoruba south west nigeria

Yeah u are right. Same way Nigeria is richer than France even thou France gdp is higher.

eastern nigeria has the largest GDP in nigeria.

followed by northerners and
western nigeria is the lowest.

musiwa1l: eastern nigeria has the largest GDP in nigeria.

followed by northerners and
western nigeria is the lowest.

is dis musiwa

takeprofit: where can i get the data of nigeria's oil gdp from 1992 - 2012?

Google is ur friend