Nigeria’s economy is 30% larger than previously estimated after the statistics agency factored in new sectors to recalculate the country’s GDP.

Regarding the gross domestic product (GDP), the Nigerian economy has outperformed itself by a noticeable margin. ・Nigeria's GDP grew by 3.46% in Q3 of 2024. ・The services sector generated 53. ...

Nigeria must sustain a minimum annual GDP growth rate of 10 percent to achieve its target of becoming a $1 trillion economy by 2030, according to Oliver Alawuba, Group Managing Director of United ...

Nigeria’s recent rebasing exercise has revealed that the economy is more than 30% bigger than previously estimated putting GDP at N372.8trn naira ($243bn) in 2024 – significantly higher than the IMF’s ...