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Home Business news

NBS Data: Nigeria’s Aviation Sector Contributes Over N1.3 Trillion to GDP in 10 Years

Victoria Emeto by Victoria Emeto
October 10, 2025
in Business news
0
NBS Data: Nigeria’s Aviation Sector Contributes Over N1.3 Trillion to GDP in 10 Years

Nigeria’s aviation industry has contributed over N1.3 trillion to the nation’s Gross Domestic Product (GDP) between 2013 and 2023, according to data compiled by the National Bureau of Statistics (NBS) and analysed by Daily Sun.

Despite its critical role in national development, the sector’s official contribution to GDP has remained below 0.5 per cent over the past decade, a figure many experts believe underrepresents its broader economic importance.

The aviation industry serves as a major enabler of connectivity, trade, tourism, and investment, linking Nigeria to regional and global markets. Analysts note that its indirect contributions—such as job creation, logistics facilitation, and increased business productivity—are far more significant than GDP figures suggest.

Moreover, the sector continues to play a pivotal role in attracting Foreign Direct Investment (FDI), which has shown steady growth in recent years. Experts argue that a strong and efficient air transport system often determines the scale and ease of investment inflows into a country, underscoring aviation’s influence on broader economic performance.

While the NBS figures may show a modest GDP contribution, the aviation sector remains a strategic pillar for Nigeria’s long-term economic diversification, regional integration, and global competitiveness.

Tags: #EconomicDevelopment#FDI#GDPGrowth#NigeriaAviation
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