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APPENDIX 1

Table IV
COMPOSITION OF GROSS FIXED CAPITAL FORMATION/QS PARTRONAGE - A BILLION NAIRA

Res.
Building,
Non-Res.
Building,
Other
Const.
Except
Land
Improv.
QS
Involvement
%

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

8,701.50

8,950.69

22,152.53

14,633.83

18,836.96

25,151.82

29,274.11

34,227.40

45,156.70

51,254.91

2175.38

2237.18

2230.51

2926.77

3767.37

10060.72

17564.47

20536.44

13547.01

7688.34

20%

20%

20%

40%

60%

60%

30%

25%

25%

15%

2000

2001

2002

56,540.41

75,592.93

99,548.78

11394.00

15118.59

19909.76

20%

20%

20%

Average involvement of QS in capital projects was 28.85%. The year 1995/1996 was a good boom for QS and indeed the Construction Industry as a result of PTF
(Petroleum Trust Fund). Capital projects undertaken during this period.

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