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All these sectors (industrial, agricultural, and other trades) contribute to the economy of Nigeria, but industry is currently the largest contributor.
service 56%
no
The tertiary economic sector focuses on the distribution and servicing of finished products (from the secondary sector). Occupations include merchants, salesmen, and grocers.
Economic structure
Secondary sector is the second step of development in any economy
Occupational structure refers to distribution of working population across primary secondary and tertiary sector of the economy.
is nigeria a market economy, or a custom based economy, or directed.
The theories and models of small and medium scale enterprises in Nigeria basically outlines the immense contribution to the Nigerian economy.
Yes it does Nigeria actually has the best economy in Africa
Not necessarily, but it's common. Take for instance the United Kingdom: it began with a large primary sector, moved towards a large secondary sector and now has a large tertiary sector.It definitely improves the national economy (GDP), but on an international level the question of competing economies rises. That's why a large tertiary sector can improve an economy, but it depends on the specific circumstances of the global market.
What is the impact of universal banking on nigeria economy