Nigeria’s services sector experienced steady growth, reaching a peak of 59.8% in 2016, before settling at 44% in 2022. Expansion in telecommunications, banking, and retail fueled early growth, but recent declines likely reflect oil sector fluctuations and economic restructuring. Ongoing digital transformation remains key to future sector resilience.
For a deeper dive into the topic, explore Agriculture’s GDP share in Nigeria, Nigeria’s working-age population proportion, Nigeria’s urbanization growth.
