The National Bureau of Statistics (NBS) has said the non-oil sector grew by 6.74 percent in real terms in the second quarter of the year.

It made this known in its “Nigerian Gross Domestic Product Report – Q2 202.”

According to the report, the growth rate in the period under review was higher by 12.80 percent point compare to the corresponding time last year.

The data said: “The non-oil sector grew by 6.74 percent in real terms during the reference quarter (Q2 2021). The Q2 2021 growth rate was higher by 12.80 percent points compared to the rate recorded in the same quarter of 2020 and 5.95percent points higher than the first quarter of 2021 During the quarter, the sector was driven mainly by growth in Trade, Information and Communication (Telecommunication), Transportation (Road Transport), Electricity, Agriculture (Crop Production) and Manufacturing (Food, Beverage & Tobacco), reflecting the easing of movement, business and economic activity across the country relative to the same period a year earlier.”

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NBS explained that in real terms, the non-oil sector contributed 92.58 percent to the nation’s GDP in the second quarter of 2021, higher from shares recorded in the second quarter of 2020 which was 91.07percent and the first quarter of 2021 recorded as 90.75percent.

On the oil sector, the report noted that in the second quarter of 2021, average daily oil production stood at 1.61 million barrels per day (mbpd), which is -0.19mbpd lower than the average daily production of 1.81mbpd recorded in the same quarter of 2020 and -0.10mbpd lower than the 1.72mbpd recorded in the first quarter of 2021.

In terms of real growth, the NBS said real growth of the oil sector was –12.65percent (year-on-year) in Q2 2021 indicating a decrease of –6.02percent points relative to the growth rate recorded in the corresponding quarter of 2020. Growth decreased by -10.44percent points when compared to Q1 2021 which was –2.21percent.

For the first half of 2021, according to the data, real GDP was recorded at -7.13percent, compared to -0.80percent for the first half of 2020, the performance reflecting lower oil output. Quarter-on-quarter, the oil sector recorded a growth rate of -20.35percent in Q2 2021.

It said the oil sector contributed 7.42percent to total real GDP in Q2 2021, down from figures recorded in the corresponding period of 2020 and down compared to the preceding quarter, where it contributed 8.93percent and 9.25percent