The decision to rebase Nigeria’s GDP in 2024 stems from the recognition of significant changes within the economy. Over time, sectors such as technology, the creative industries, and informal ...

Gross Domestic Product measures the quantum of economic activities in a country, in monetary terms, over some time, usually one year. Real GDP eliminates the impact of inflation by applying a deflator ...

The International Monetary Fund has revealed that Nigeria’s Gross ... a country during a specified time divided by the average population for the same year. GDP per capita measures the average ...

ABUJA, Jan 20 (Reuters) - Nigeria plans to rebase its gross domestic product and inflation data by the end of the month to capture changes in certain sectors of the economy and to reflect current ...

These inflationary trends have exacerbated Nigeria's cost-of-living crisis, with more than 60% of the population living in poverty and many spending over ... the same time, a rebased GDP that ...

Experts warn that the high interest rate spread in Nigerian banks might hurt the nation’s economy by 20 to 30 percent, making things worse for people and companies whose purchasing power has ...

Musawa outlined the government’s bold targets for the CTIC, which include: Contributing at least $100 billion to Nigeria’s GDP; creating over 2 million jobs, with a focus on Nigeria’s vibrant youth ...

“I inherited an economy in crisis and a country plagued by insecurity, but by the time ... Nigeria will continue to make progress under successive administrations. Buhari officially handed over ...

Nigeria’s immediate past president, Muhammadu Buhari, has reiterated that the country’s economy and security were in good shape under his administration. Buhari made the remarks on Wednesday ...

Despite its struggles with human rights and democracy, it has harnessed its population of over a ... If Nigeria continues on this trajectory — with a palliative economy, excessive borrowing ...