Ministry of National Planning2026-10-192026-10-191988https://nigeriareposit.nln.gov.ng/handle/20.500.14186/2995Published by the Ministry of National Planning, the Economic and Statistical Review 1987 provides a comprehensive economic evaluation of the Federal Republic of Nigeria during the mid-point of its Structural Adjustment Programme (SAP) spanning July 1986 to June 1988. The text evaluates the macroeconomic performance of the nation, highlighting a modest recovery in the Gross Domestic Product (GDP) with a 1.2% growth rate in real terms, contrasting against the previous year’s decline. It details sectoral contributions, noting significant real growth in manufacturing and wholesale/retail trade, alongside contractions in the agricultural and petroleum sectors due to weather anomalies and fluctuating global crude oil production and prices. Furthermore, the document analyzes external transactions, emphasizing the impacts of the Second-Tier Foreign Exchange Market (SFEM) and currency depreciation on merchandise exports, import structures, and external reserves. Monetary developments, price movements, consumer price indices, public finances, and mounting socio-economic challenges such as urban and rural unemployment addressed partially by the National Directorate of Employment (NDE) are meticulously documented. Supported by extensive statistical tables detailing national accounts, capital formation, banking credit, and health sector manpower, the publication concludes with an appraisal of core SAP policies and outlines economic projections and revenue profiles for the 1988 fiscal year.• Economic Performance in 1987 (Gross Domestic Product, Agriculture, Manufacturing, Petroleum, Wholesale and Retail Trade, Structure of the Economy, Capital Formation, Gross National Savings, External Transactions, Balance of Payments, External Assets, Money and Banking, Price Movement, Public Finance, Unemployment, Manpower Situation in the Health Sector) • Appraisal of Current Economic Policies - The Structural Adjustment Programme (July 1986–June 1988) • Economic Prospects for 1988 • List of Tables in the Economic and Statistical Review - 1987 (Tables 1 through 27 covering GDP, capital formation, expenditure, external trade, balance of payments, banking, price indices, revenue, public expenditure, unemployment, and health manpower)Article