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Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others - Business (10) - Nairaland

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Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Makuos19: 8:09pm On Oct 18, 2019
mercyville:



Olodo
Lagos has more than 1 university,stadia,radio and television stations,many malls,GRAs etc.
Ibadan has more than 1 university, stadia,radio and television stations,many malls,GRAs etc.
You can see the similarities developed places have in common.
How many universities,GRAs does very tiny Onitsha or the entire Igboland have? grin

I know you will skip the question because your region is backward. grin
Again E pain am grin

See the position of your so called Ibadan that you keep claiming that is developed:-

Top 10 in Nigeria 2019

1) Lagos [World ranking: 21]

2) Onitsha [World ranking: 47]

3) Kano [World ranking: 112]

4) Ibadan [World ranking: 158]

5) Abuja [World ranking: 189]

6) Uyo [World ranking: 218]

7) Port-Harcourt [World ranking: 247]

8 ) Enugu [World ranking: 279]

9) Benin City [World ranking: 358]

10) Aba [World ranking: 401] http://demographia.com/db-worldua.pdf

https://www.nairaland.com/5223991/2019-largest-built-up-urban-area
Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by BeautifulMind2: 8:09pm On Oct 18, 2019
States Oyo need to beat before Anambra State in Economy grin are:

Kano
Ondo
Ogun
Kaduna
Niger grin grin

Anambra no be your mate grin grin Oyo state is big for nothing just like Niger state

1 Like

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by mercyville: 9:07pm On Oct 18, 2019
BeautifulMind2:

Ibadan is world biggest slum city
Slummy part of Ibadan still looking like Rome. grin
You have just disappointed some young Igbo guys who thought you and Makuos were going to answer that simple question but you failed.

They now know that IBADAN only is more developed than the entire SE.

45 million Igbos cannot develop tiny Igboland.So pathetic.

Tiny and slummy Igboland... grin

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by mercyville: 9:15pm On Oct 18, 2019
Makuos19:

Again E pain am grin

See the position of your so called Ibadan that you keep claiming that is developed:-

Top 10 in Nigeria 2019

1) Lagos [World ranking: 21]

2) Onitsha [World ranking: 47]

3) Kano [World ranking: 112]

4) Ibadan [World ranking: 158]

5) Abuja [World ranking: 189]

6) Uyo [World ranking: 218]

7) Port-Harcourt [World ranking: 247]

8 ) Enugu [World ranking: 279]

9) Benin City [World ranking: 358]

10) Aba [World ranking: 401] http://demographia.com/db-worldua.pdf

https://www.nairaland.com/5223991/2019-largest-built-up-urban-area



Yes he pain me because Igboland is tiny,slummy and undeveloped. grin


IBADAN....

1 Like

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by mercyville: 9:18pm On Oct 18, 2019
IBADAN..

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by BeautifulMind2: 9:23pm On Oct 18, 2019
mercyville:

Slummy part of Ibadan still looking like Rome. grin
You have just disappointed some young Igbo guys who thought you and Makuos were going to answer that simple question but you failed.

They now know that IBADAN only is more developed than the entire SE.

45 million Igbos cannot develop tiny Igboland.So pathetic.

Slummy Igboland...
I don't need to engage you on childish rant with world biggest slum city

Below is end of discussion, no matter what you claimed you have in Oyo are all measured in these grin and it clearly shows Oyo state is five states below Anambra in normal GDP grin I don't need to waste my data in posting pictures of Anambra, you are trying your best to rub shoulder with us but real fact Oyo is far below Anambra State

1 Like

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Asour: 9:24pm On Oct 18, 2019
eternityk:
More of their investments
Note
Sifax recently acquired old warri port for 100 million dollars
They met the olu of warri

Really?

Are Individuals able to buy ports? Do governments sell ports?

Ports as National Assets are usually Concessioned for a tenure. You may want to check your source very well on that. Nations rarely sell ports, Moreso for a "meager" $US100m. I could be wrong though, Nigeria can be strange.

2 Likes

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by mercyville: 9:32pm On Oct 18, 2019
BeautifulMind2:

I don't need to engage you on childish rant with world biggest slum city

Below is end of discussion, no matter what you claimed you have in Oyo are all measured in these grin and it clearly shows Oyo state is five states below Anambra in normal GDP grin I don't need to waste my data in posting pictures of Anambra, you are trying your best to rub shoulder with us but real fact Oyo is far below Anambra State


lol
You are a clown from a tiny,slummy and undeveloped Igboland.
45 million people. Oh my! grin

1 Like

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by BeautifulMind2: 9:37pm On Oct 18, 2019
mercyville:



lol
You are a clown from a tiny,slummy and undeveloped Igboland.
45 million people. Oh my! grin
No wahala, so far Anambra is more productive I'm good, that's what matters grin

1 Like

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Nobody: 9:55pm On Oct 18, 2019
hisgrace090:



Billionears from that side hardly makes noise.


And they are truly "billionaires" not the ones on paper for paper sake

2 Likes

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Nobody: 9:56pm On Oct 18, 2019
Asour:


Really?

Are Individuals able to buy ports? Do governments sell ports?

Ports as National Assets are usually Concessioned for a tenure. You may want to check your source very well on that. Nations rarely sell ports, Moreso for a "meager" $US100m. I could be wrong though, Nigeria can be strange.

No you are not wrng
Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by nick50(m): 10:15pm On Oct 18, 2019
Story!..hand him over to fsars for a few hours of torture then go back u will hear the real names of d owners ..this is Nigeria
Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Kennyswagz1(m): 1:35am On Oct 19, 2019

1 Like

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Kennyswagz1(m): 1:37am On Oct 19, 2019
BeautifulMind2:

Bunkering grin Which of your tribe's man can you compare to Nestoil conglomerates
yet he isn't a billionaregringringrin
Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Kennyswagz1(m): 1:41am On Oct 19, 2019
BeautifulMind2:
Even your Oba always pay him visit in Anambra during Yuletide season


Check the great men in the picture he visited last Christmas season, Dr Ernest Azudialu - Nestoil and ABC Orjiakor - Seplat leading indigenous oil exploration companies
later you guys will claim that you don't own oil wells in ND
Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Kennyswagz1(m): 1:45am On Oct 19, 2019
[s]
Makuos19:



Continue to upload your Brown Roof pictures and tagging it Igboland.

Facts don't lie grin


Top 10 in Nigeria 2019

1) Lagos [World ranking: 21]

2) Onitsha [World ranking: 47]

3) Kano [World ranking: 112]

4) Ibadan [World ranking: 158]

5) Abuja [World ranking: 189]

6) Uyo [World ranking: 218]

7) Port-Harcourt [World ranking: 247]

8 ) Enugu [World ranking: 279]

9) Benin City [World ranking: 358]

10) Aba [World ranking: 401] http://demographia.com/db-worldua.pdf

https://www.nairaland.com/5223991/2019-largest-built-up-urban-area[/s]
what the hell is demographic.com angry angry

1 Like

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by AnonymousIP: 1:51am On Oct 19, 2019
eternityk:
Meet Nigerian Who Owns The Biggest Shipping Company In Nigeria

Dr. Taiwo Olayinka Afolabi, the Chief Executive Officer (CEO) of SIFAX Group, a multinational conglomerate, was born in Ondo to the family of Chief & Chief (Mrs.) Samson Afolabi. A native of Idokunusi Ijebu in the Ijebu East Local Government Area of Ogun State, he started his educational pursuit at Ansar Ud Deen Primary School, Ondo and thereafter, proceeded to Baptist Grammar School, Ibadan, where he obtained his West African School Certificate (WASC).

His quest to attain high level of academic excellence and leadership in advocacy led him to the University of Lagos, where he obtained the degree in Law. He became a member of the noble profession when he was called to the Nigerian Bar by the Body of Benchers on Wednesday, November 4, 2009. He later obtained a Masters degree in International Law and Diplomacy from the same university.

He began his professional career with a shipping company, Nigerian Express Agencies Limited, where he distinguished himself and rose to become the Head of Operations. With the zeal of entrepreneurship burning in him, he left the company in 1988 to establish what has now turned to a big conglomerate, SIFAX Group, a business interest with diverse investments in Maritime, Aviation, Haulage, Logistics, Oil & Gas and Hospitality, among others.

From a little beginning, the company, which started as a freight forwarding agency in Lagos, Nigeria, currently operates across the world with presence in the United States, United Kingdom, Ghana, South Africa, Holland, Belgium, Morocco, Spain and Djibouti, among others.

Some of the Group’s subsidiaries include Ports and Cargo Handling Services Limited, concessionaire and operator of the Terminal C, Tin Can Island Ports, Apapa Lagos; SIFAX Off Dock Limited, a bonded terminal operator; SIFAX Stevedoring Limited; SIFAX Oil and Gas Limited; SIFAX Haulage & Logistics Limited; SIFAX Logistics & Marine Services Limited; Skypower Aviation Handling Company Limited, an aviation ground handling company and SIFAX Shipping Limited.

With about three decades of rich entrepreneurial experience, Dr. Taiwo Afolabi, through the dint of hardwork, foresight, resilience, vision and knack for excellence, has emerged not only as one of the leading business icons in Nigeria, but also reckoned with across the world.

No doubt his wealth of experience, organizational prudence and business ingenuity have remained invaluable assets to SIFAX Group, which has become a leading player in the Nigerian economy. The company, alongside its subsidiaries, has generated both direct and indirect employment for thousands of eligible Nigerians.

Afolabi is a seasoned maritime consultant and a Fellow of many professional bodies including Nigerian Institute of Financial Management (NIFM), Institute of Freight Forwarders of Nigeria (IFFN) and the Chartered Institute of Arbitrators of Nigeria.

He has attended several maritime and aviation-related trainings both locally and internationally on port operations, aviation ground handling operations and management.

Due to his rich experience, Afolabi is a sought-after speaker and facilitator at various industry conferences and mentoring programmes.

Aside being renowned for his business acumen, Dr. Taiwo Afolabi has also established a reputation as a public-spirited individual. His philanthropic philosophy has driven him to give hope and support to many public causes. The major focus of this philanthropic initiative is education, where many schools, from primary to tertiary level have received immense support and assistance.

Few of these interventions include a 1,000 capacity lecture theatre at Ladoke Akintola University, Ogbomosho and an 18-seater Toyota Hiace bus donated to the medical students association of the Obafemi Awolowo University, Ile-Ife, Osun State.

As a mark of recognition of his outstanding achievements and invaluable contributions to nation building, he has been conferred with various honorary doctorate degrees by four universities, including Ladoke Akintola University, Ogbomosho, Oyo state, Cornerstone University and Theological Seminary, Jerusalem, Israel and USA, European-American University, Dominica and Commonwealth University, Belize.

Dr. Taiwo Afolabi is also a recipient of over thirty individual awards from diverse organizations. The latest of these awards being the 2014 Business Person of the Year which was conferred on him by one of Nigeria’s leading newspapers, Daily Sun.

The Federal Government has also recognized the great contributions of this Ogun-state born business icon. He is a recipient of the Member of the Order of Niger (MON).

The accolades are not restricted to Nigeria alone. He is also the Honorary Consul-General of the Republic of Djibouti in Nigeria.

He is a member of the Institute of Directors Nigeria; Ikoyi Club 1938; IBB Golf Club, Abuja; the Building Committee of the Nigerian-British Chamber of Commerce and Industry, amongst many others.

Dr. Taiwo Afolabi is a sports lover, who enjoys watching and playing football. He is happily married with children.

Source: http://sifaxgroup.com/about-us/the-ceo/biography/















I PREFER TO DEY CRY INSIDE LAMBORGHINI , THAN TO DEY LAUGH INSIDE KEKE

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Kennyswagz1(m): 1:53am On Oct 19, 2019
Midas01:
Where is your own piece of crap?
Piece of crap that other African nation's are sending delegates to tour the factory and buy from.
which african countriesgringringringrin don't mention shithole Mali and Cameroon here.. Ghana, SA, Kenya, etc will never buy that bullshit gringringringrin

1 Like

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Kennyswagz1(m): 1:56am On Oct 19, 2019
Makuos19:

grin
So igbos now brag with market gringringrin wonders shall never end
Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Kennyswagz1(m): 2:03am On Oct 19, 2019
BeautifulMind2:
States Oyo need to beat before Anambra State in Economy grin are:

Kano
Ondo
Ogun
Kaduna
Niger grin grin

Anambra no be your mate grin grin Oyo state is big for nothing just like Niger state

nigga check your list again.. only anambra out of all the SE states is in top 10.. meanwhile, all yoruba states ara in the top 10... so he rest SE states are useless gringringrin

3 Likes

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by BeautifulMind2: 2:35am On Oct 19, 2019
Kennyswagz1:
nigga check your list again.. only anambra out of all the SE states is in top 10.. meanwhile, all yoruba states ara in the top 10... so he rest SE states are useless gringringrin

Read and cure your ignorance

Tuesday, May 28, 2019 / 04:50 PM/ NBS



GDP of an economy, including at State level, is a measure in monetary terms of production of all goods and services during a period. Like the compilation at the national level, State accounts statistics are based on the guidelines and recommendations set out in the System of National Accounts 2008 (SNA 2008). The System of National Accounts provides an internationally-recognised framework and a comprehensive set of concepts, definitions and classifications for national accounting. Additionally, other relevant guidelines adopted are the International Standard Industrial Classification of all Economic Activities (ISIC) as well as the Central Product Classification (CPC) system.

States GDP compilation is important and useful for various purposes. First, it provides important information to support evidence-based policymaking. It also helps to identify key drivers of economic growth in each state and assess the performance of the state economy. Further, by revealing the structure of the state economy, the contribution of each state to the national output can be determined.

Methodologically, National/State accounts describe all flows within a period between the economic units constituting the national /state economy and their stocks. As such, the States accounts can follow national accounts as long as one can clearly define and delineate a state, and its resident units in terms of institutional units, production units, consumer units within it. In short, SGDP is the sum of gross value added of all resident producer units (industries) within the economic borders of the state during a given period of time including taxes, less subsidies, on products.

The institutional units / sectors in the States include: Non-financial corporations (Flour Mills, Nestle, etc), Financial corporations (Banks, Insurance etc), State governments, Non-profit institutions serving households (NPISH) in the state, and Households. In compilation of SGDP, residence is not based on birth or legal criteria. Instead, an institutional unit is classified as resident if it has a centre of economic interest in the economic territory of a state. Certain activities cut across state boundaries, and thus their economic contribution cannot be assigned to any one state eg telecommunication, Railway line, Transportation, Banking & Insurance. Other activities like Defence, paramilitary, border security force, high sea drilling etc are kept outside the purview of the state GDP.
Key data sources included in SGDP compilation include secondary/administrative data, surveys, financial statements, audited State government accounts and VAT returns, among others.

In practice, the compilation of Gross Domestic Product (GDP) estimates for sub-national units of the Federation has been a phased exercise at the National Bureau of Statistics since 2013. In the first phase, estimates for eleven (11) States – Akwa Ibom, Bayelsa, Cross River, Delta, Kaduna, Kano, Ogun, Osun, Oyo, Rivers and Zamfara – were published in October 2018, providing estimates for states GDP for the five-year period covering 2013-2017. The completion of this initial phase of the SGDP compilation exercise revealed new insights regarding the structure of sub-national economies, while also demonstrating an improvement in statistical capacity for producing both national and state accounts.

This report provides estimates for the second phase of the States GDP compilation exercise covering an additional 11 states - Anambra, Bauchi, Ebonyi, Edo, Ekiti, Gombe, Jigawa, Kogi, Niger, Ondo - and the Federal Capital Territory (FCT). Thus, the results for all 22 states are provided and analysed in this report. This is expected to inform policymakers at all levels regarding absolute and relative magnitudes of economic activities in the reporting States, even as NBS continues efforts to complete the last phase of compilation for the remaining 15 States.


Summary of Findings

i. In 2017, the nominal gross domestic product for the 22 states (for which data is currently available) stood at N63.8trillion, or 56% of Nigeria’s nominal gross domestic product in that year.

ii. By sector, the 22 states accounted for 57%, 77% and 48% of agriculture, industry and services GDP at the national level respectively. Among the 22 states, however, services sector accounted for 67%, while agriculture accounted for 22% and industry, 11%.

iii. Among the 22 states, FCT had the highest gross domestic product at N10.6 trillion, or 17% of total states GDP. This was followed by Akwa-Ibom and Rivers States, each with 8% of total states GDP.

iv. In the FCT, services accounted for 81% of GDP while industry and agriculture accounted for 18% and 10% respectively. In Akwa-Ibom, however, industry accounted for 65% while services and agriculture accounted for 19% and 16% respectively.

v. Across the 22 states, the non-oil sector represented 98% of total states GDP while the oil sector accounted for only 2%.

vi. The 6 states with the highest nominal GDP in 2017 – FCT, Akwa-Ibom, Rivers, Delta, Bayelsa, Anambra – accounted for about 50% of the total states GDP, or 27% of Nigeria’s nominal GDP, in 2017.

1 Like

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by BeautifulMind2: 2:55am On Oct 19, 2019
Kennyswagz1:
So igbos now brag with market gringringrin wonders shall never end
Most of you doesn't understand terms of economy, you will carry your Ignorant brain and be and be making silly arguments online, please why wouldn't he brag with market when trade accounted for #5.3 trillion in normal GDP, check NGDP table trade ranked third after services and industrial sector

1 Like

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Makuos19: 8:16am On Oct 19, 2019
Kennyswagz1:
seriously dudegringringrin 4 storeyis now skyscrapper gringringrin
How many high rise buildings both residential & commercial do you have in Osun, Ogun, Oyo, Ekiti and Ondo grin
Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Makuos19: 8:19am On Oct 19, 2019
mercyville:


Yes he pain me because Igboland is tiny,slummy and undeveloped. grin


IBADAN....

Yet your Ibadan is still below us grin :-

Top 10 in Nigeria 2019

1) Lagos [World ranking: 21]

2) Onitsha [World ranking: 47]

3) Kano [World ranking: 112]

4) Ibadan [World ranking: 158]

5) Abuja [World ranking: 189]

6) Uyo [World ranking: 218]

7) Port-Harcourt [World ranking: 247]

8 ) Enugu [World ranking: 279]

9) Benin City [World ranking: 358]

10) Aba [World ranking: 401] http://demographia.com/db-worldua.pdf

https://www.nairaland.com/5223991/2019-largest-built-up-urban-area
Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Makuos19: 8:22am On Oct 19, 2019
BeautifulMind2:

I don't need to engage you on childish rant with world biggest slum city

Below is end of discussion, no matter what you claimed you have in Oyo are all measured in these grin and it clearly shows Oyo state is five states below Anambra in normal GDP grin I don't need to waste my data in posting pictures of Anambra, you are trying your best to rub shoulder with us but real fact Oyo is far below Anambra State

No mind them...they thought its by pictures. Even the pictures they are busy posting are refined!!! grin grin grin grin grin

1 Like

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Makuos19: 8:38am On Oct 19, 2019
Kennyswagz1:
[s] what the hell is demographic.com angry angry

E pain am grin
Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Kennyswagz1(m): 8:46am On Oct 19, 2019
Makuos19:

How many high rise buildings both residential & commercial do you have in Osun, Ogun, Oyo, Ekiti and Ondo grin
nigga stop deceiving your self gringringrin there are planned storey estates in oyo and ogun state... how does that make them highrise buildings.. do you know what a highrise building is gringringrin
Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Kennyswagz1(m): 8:55am On Oct 19, 2019
BeautifulMind2:

Most of you doesn't understand terms of economy, you will carry your Ignorant brain and be and be making silly arguments online, please why wouldn't he brag with market when trade accounted for #5.3 trillion in normal GDP, check NGDP table trade ranked third after services and industries
please where is the gdp of lagos state. gringringrin even in your list, anambra is the only SE state in the top ten.. but all SW states are in top 10.. meaning the rest SE states are useless and shithole gringringringrin

1 Like

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Kennyswagz1(m): 9:02am On Oct 19, 2019
BeautifulMind2:


Read and cure your ignorance

Tuesday, May 28, 2019 / 04:50 PM/ NBS



GDP of an economy, including at State level, is a measure in monetary terms of production of all goods and services during a period. Like the compilation at the national level, State accounts statistics are based on the guidelines and recommendations set out in the System of National Accounts 2008 (SNA 2008). The System of National Accounts provides an internationally-recognised framework and a comprehensive set of concepts, definitions and classifications for national accounting. Additionally, other relevant guidelines adopted are the International Standard Industrial Classification of all Economic Activities (ISIC) as well as the Central Product Classification (CPC) system.

States GDP compilation is important and useful for various purposes. First, it provides important information to support evidence-based policymaking. It also helps to identify key drivers of economic growth in each state and assess the performance of the state economy. Further, by revealing the structure of the state economy, the contribution of each state to the national output can be determined.

Methodologically, National/State accounts describe all flows within a period between the economic units constituting the national /state economy and their stocks. As such, the States accounts can follow national accounts as long as one can clearly define and delineate a state, and its resident units in terms of institutional units, production units, consumer units within it. In short, SGDP is the sum of gross value added of all resident producer units (industries) within the economic borders of the state during a given period of time including taxes, less subsidies, on products.

The institutional units / sectors in the States include: Non-financial corporations (Flour Mills, Nestle, etc), Financial corporations (Banks, Insurance etc), State governments, Non-profit institutions serving households (NPISH) in the state, and Households. In compilation of SGDP, residence is not based on birth or legal criteria. Instead, an institutional unit is classified as resident if it has a centre of economic interest in the economic territory of a state. Certain activities cut across state boundaries, and thus their economic contribution cannot be assigned to any one state eg telecommunication, Railway line, Transportation, Banking & Insurance. Other activities like Defence, paramilitary, border security force, high sea drilling etc are kept outside the purview of the state GDP.
Key data sources included in SGDP compilation include secondary/administrative data, surveys, financial statements, audited State government accounts and VAT returns, among others.

In practice, the compilation of Gross Domestic Product (GDP) estimates for sub-national units of the Federation has been a phased exercise at the National Bureau of Statistics since 2013. In the first phase, estimates for eleven (11) States – Akwa Ibom, Bayelsa, Cross River, Delta, Kaduna, Kano, Ogun, Osun, Oyo, Rivers and Zamfara – were published in October 2018, providing estimates for states GDP for the five-year period covering 2013-2017. The completion of this initial phase of the SGDP compilation exercise revealed new insights regarding the structure of sub-national economies, while also demonstrating an improvement in statistical capacity for producing both national and state accounts.

This report provides estimates for the second phase of the States GDP compilation exercise covering an additional 11 states - Anambra, Bauchi, Ebonyi, Edo, Ekiti, Gombe, Jigawa, Kogi, Niger, Ondo - and the Federal Capital Territory (FCT). Thus, the results for all 22 states are provided and analysed in this report. This is expected to inform policymakers at all levels regarding absolute and relative magnitudes of economic activities in the reporting States, even as NBS continues efforts to complete the last phase of compilation for the remaining 15 States.


Summary of Findings

i. In 2017, the nominal gross domestic product for the 22 states (for which data is currently available) stood at N63.8trillion, or 56% of Nigeria’s nominal gross domestic product in that year.

ii. By sector, the 22 states accounted for 57%, 77% and 48% of agriculture, industry and services GDP at the national level respectively. Among the 22 states, however, services sector accounted for 67%, while agriculture accounted for 22% and industry, 11%.

iii. Among the 22 states, FCT had the highest gross domestic product at N10.6 trillion, or 17% of total states GDP. This was followed by Akwa-Ibom and Rivers States, each with 8% of total states GDP.

iv. In the FCT, services accounted for 81% of GDP while industry and agriculture accounted for 18% and 10% respectively. In Akwa-Ibom, however, industry accounted for 65% while services and agriculture accounted for 19% and 16% respectively.

v. Across the 22 states, the non-oil sector represented 98% of total states GDP while the oil sector accounted for only 2%.

vi. The 6 states with the highest nominal GDP in 2017 – FCT, Akwa-Ibom, Rivers, Delta, Bayelsa, Anambra – accounted for about 50% of the total states GDP, or 27% of Nigeria’s nominal GDP, in 2017.
oga you must be insane... so you mean anambra has higher gdp than lagos state gringringrin .. where is lagos state It still doesn't change the fact that anambra is the only SE state in top ten.. but all SW states are present.. why didn't you show me that of lagos.. lagos that is the fifth largest economy in Africa gringringrin

3 Likes

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Makuos19: 9:50am On Oct 19, 2019
Kennyswagz1:
oga you must be insane... so you mean anambra has higher gdp than lagos state gringringrin .. where is lagos state It still doesn't change the fact that anambra is the only SE state in top ten.. but all SW states are present.. why didn't you show me that of lagos.. lagos that is the fifth largest economy in Africa gringringrin

E pain am grin
Yet thesame Anambra is above Oyo, Ogun, Osun, Ekiti and Ondo combined grin

1 Like

Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Makuos19: 9:53am On Oct 19, 2019
Kennyswagz1:
nigga stop deceiving your self gringringrin there are planned storey estates in oyo and ogun state... how does that make them highrise buildings.. do you know what a highrise building is gringringrin
Oya show us high rise buildings both residential and commercial in Oyo, Ogun, Osun, Ekiti and Ondo grin
Re: Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others by Kennyswagz1(m): 10:01am On Oct 19, 2019
Makuos19:

E pain am grin
Yet thesame Anambra is above Oyo, Ogun, Osun, Ekiti and Ondo combined grin
I think you are blind or better still, take a look at that list again

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How I Got Badly Disgraced By Sokoloan / Naira Appreciates Against The Dollar / Northern Tomato Farmers, Traders Lose Over ₦10 Billion In One Week, Cry Out

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