Nigeria Updates GDP Base Year, Economy Now Valued At ₦372.8 Trillion
Nigeria has revised the methodology for calculating its Gross Domestic Product (GDP), significantly increasing the size of the economy to ₦372.8 trillion in 2024, following a rebasing exercise by the National Bureau of Statistics (NBS). The update shifts the GDP base year from 2010 to 2019, bringing the country’s national accounting system in line with…
