Cross River State Economy Worth N1.28tn in 2011-Yuguda

In Breaking News, Business & Economy, National News, Reports

by crossriverwatch admin

cross river2

The National Planning Commission has put Cross River State’s Gross Domestic Product, GDP for 2011 at N1.28 trillion.

Revealing this during a presentation on the outcome of the first ever survey of GDP of states in the country, the Supervising Minister of National Planning, Amb. Bashir Yuguda said The GDP of the state in 2010 was N1.32tn.

The exercise carried out in six pilot states drawn from the six geopolitical zones of the country put the size of the Anambra State economy at N1.01tn in 2011.

Gombe State GDP for the same years is put at N0.94tn. Other states are Niger-N1.08tn, Kano-N2.26tn, Lagos-N4.45tn and Rivers-N5.52tn.

The survey, according to the Minister, was conducted by the National Planning Commission in collaboration with National Bureau of Statistics.

Giving a further breakdown of Cross River State GDP, the Minister said the survey shows that the industrial sector contributed 66 percent, agriculture 23 percent while services made up the remaining 11 percent.

Reacting to the report, Governor Liyel Imoke of Cross River State promised to study the data in greater detail with a view to using it to stimulate further growth in the economy.

Imoke disclosed that the state has invested significantly in agriculture to boost production and create value chain thereby creating wealth.

Minister of Tourism and National Orientation, High Chief Edem Duke decried the fact that tourism was yet to be taken seriously in the country.

He said several countries have used tourism to boost their GDP. Duke noted that efforts are being made to reverse the trend.

follow us on twitter @crossriverwatch

Since You Are Here, Support Good Journalism

CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.


New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now

Text Advert by CRWatch :Place Yours

Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here

Expose Your Business And Make More Sales. Advertise On Today

You may also read!

Report: Bakassi Legislative Council Committee Accuse Lafarge Holcim Of Environmental Pollution

By Archibong Jeremiah In a 739 word count report, Hon. Grace Bassey, Councillor of Ward 7 and Chairperson, Bakassi Legislative


VIDEO: Drama As Ayade’s Aide Threatens Suicide Over Stoppage Of Salary

By CrossRiverWatch Admin An appointee of Governor Ben Ayade of Cross River State, Mr. Freeman Godwin has threatened to


Brains And Cranium: Gory Sights From Ayade Industrial Park Disaster

By Jonathan Ugbal More details have emerged from the building which collapsed Monday at the Ayade Industrial Park located


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now