Contributions of The Primary, Secondary And Tertiary Sectors - SS1 Economics Lesson Note
The primary, secondary, and tertiary sectors are the three main categories of economic activity that describe the production and consumption of goods and services.
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The primary sector involves the extraction and production of raw materials, such as agriculture, forestry, fishing, and mining. In Nigeria, the primary sector is a significant contributor to the economy, with agriculture being the largest sector.
The secondary sector involves the processing and manufacturing of raw materials into finished products. This sector includes industries such as manufacturing, construction, and energy production. In Nigeria, the secondary sector is relatively small but growing, with a focus on oil refining, cement, and food processing.
The tertiary sector involves the provision of services to businesses and individuals, such as retail, banking, transportation, and healthcare. The service sector is the fastest-growing sector in Nigeria and is expected to continue to expand.