Nigeria’s GDP Rebased to N205trn

How to grow a nation's GDP by 30% overnight? Nigeria knows the answer

Nigeria’s 2024 GDP now stands at N372.82tn ($244bn) at current prices, up from the $187.76bn estimated by the World Bank. The magic lies in the statistics

How real estate displaced crude oil as Nigeria's third largest GDP contributor

The rebasing exercise which updates Nigeria's data to mirror its current conditions and changing circumstances placed real estate third on GDP. The post How real estate displaced crude oil as Nigeria’s third largest GDP contributor appeared first on Premium Times Nigeria.

Nigeria’s GDP rebased to N205trn

Nigeria’s Gross Domestic Product, GDP, has been rebased from N80 trillion to N205 trillion. The development was announced by the Statistician-General of

GDP: You can’t rebase hunger, poverty, ADC tells Tinubu

By Myke Agunwa, Abuja The African Democratic Congress (ADC) has mocked the Tinubu administration on the recent celebration of Nigeria’s rebased Gross Domestic Product (GDP), describing it as misleading, a cynical public relations stunt disguised as economic progress. The National Bureau of Statistics (NBS) had announced that Nigeria’s nominal GDP is N372.82 trillion as of 2024 following the rebasing exercise. In its ‘Rebasing of Gross Domestic P…

ADC Knocks FG, Says Rebased GDP Not Economic Progress… It’s Public Relations Stunt

The African Democratic Congress (ADC) has pooh-poohed the Federal Government’s celebration of the latest debased Gross Domestic Product (GDP). The party described it as“misleading and a cynical public relations stunt, disguised as economic progress,” adding that it’s mere economic cosmetics that can’t feed Nigerians. The opposition coalition, in a reaction on Tuesday by its spokesman, Bolaji Abdullahi, said the government’s chest-thumping over t…

Nominal vs Real growth: Why Nigeria’s 31.6% ICT growth is not impressive

Nigeria’s ICT sector posted 31.6% nominal growth in Q1 2025, but real growth was just 5.43%. Inflation inflated the numbers, real output tells a less impressive story of actual expansion.