The National Bureau of Statistics (NBS) has listed the real estate sector as the third-largest sub-sector in Nigeria’s economy, up from 5th position, following the recent GDP rebasing exercise.
According to data from the Nigerian Bureau of Statistics (NBS), the real estate sector contributed 5.20 per cent to the GDP in Q1 of 2024.
The rebasing exercise has rearranged the hierarchy of Nigeria’s leading industries. While grain crop production and Trade remain the top and second-largest industries, real estate has surpassed crude petroleum and Natural gas to claim third place.
Read more at Nairametrics
According to data from the Nigerian Bureau of Statistics (NBS), the real estate sector contributed 5.20 per cent to the GDP in Q1 of 2024.
The rebasing exercise has rearranged the hierarchy of Nigeria’s leading industries. While grain crop production and Trade remain the top and second-largest industries, real estate has surpassed crude petroleum and Natural gas to claim third place.
Read more at Nairametrics