trade. The telecommunications sector remained the fastest-growing sector of the economy. The performance of the manufacturing sector remained disappointing in 2010 due to poor state of infrastructure especially, power supply. The non-oil sector grew at 8.5 percent in 2010 as against 8.3 percent in 2009. The domestic debt/gross domestic product ratio has also generally been on the decline since 2003 from 28.6% to 12.85% in 2010. One of the objectives of macroeconomic policies was to achieve a single digit interest and inflation rates. Although this objective was not achieved during the period under review, inflation rate hovered around 12.1%. Although, the Monetary Policy Rate was 6.25% in 2010, the interest rate was in the double digit. Table 1 Economic Selected macroeconomic indicators in Nigeria (2000-2010) 1990 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 5.4 4.6 3.5 9.6 6.6 5.8 5.3 5.7 6.0 6.7 7.85 11.1 5.2 -5.2 23.9 3.3 -1.7 -3.7 -5.9 -6.2 0.5 4.6 8.6 4.4 2.9 4.5 5.2 7.8 8.4 9.5 9.2 9.0 8.3 8.5 - - - - - - - 42,298 51,333.2 53,000.4 42,382.5 32,339.3 57.3 72.1 61.1 84.5 69.2 7.4 4.0 17.5 9.28 Indicators GDP growth 8.2 (%) Oil sector 5.6 growth (%) Non-oil sector growth (%) External reserves (US$) External 106.5 64.9 35