JAMB UTMEEconomicsNigerian Economy2021

Which sector contributes the largest share to Nigeria's GDP?

AAgriculture
BServicesCORRECT
CManufacturing
DMining
AI
Toasta AI Explanation
Why the answer is B, and why the others tempt you.
**The reasoning** Nigeria's economy has transformed significantly over the past two decades. While many people still think of Nigeria primarily as an agricultural or oil-producing nation, **the Services sector now dominates our GDP, contributing over 50%**. This sector includes telecommunications, banking, insurance, entertainment (hello, Nollywood!), hospitality, real estate, and retail trade. Think about all the banks, phone networks, and tech startups around you — that's Services at work. **Why the wrong options tempt you** **Agriculture (A)** — Our history! Cocoa, groundnuts, palm oil built old Nigeria, but Agriculture now contributes around 25% of GDP, though it still employs the most people. **Mining (D)** — Oil exports dominate headlines and foreign exchange, but extractive industries contribute only about 10% to GDP nowadays. **Manufacturing (C)** — Still relatively small in Nigeria, under 10%, despite industrialization efforts. **Quick takeaway** Nigeria's economy runs on services — from your mobile data to bank apps — not just farms or oil wells anymore.
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