Despite Nigeria’s economic growth, a troubling trend has emerged—Gross Domestic Product (GDP) per capita is steadily declining, highlighting the country’s shrinking prosperity.The International ...

The IMF, however, projects a rise in 2026 and 2027, with the GDP per capita expected to cross the $1,000 mark in 2028 at $1,040. The data also revealed that Nigeria and the majority of countries ...

The rebasing of Nigeria’s Gross Domestic Product (GDP) stands as a pivotal statistical exercise, one that seeks to recalibrate the nation’s economic measurement framework in line with ...

“A GDP growth rate of 5.5 per cent is achievable if Nigeria continues with stability-focused reforms,” he stated. “However, inefficient policy implementation and economic constraints could ...

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 ...

Nigeria has suffered a severe economic blow, losing an estimated $300 billion in Gross Domestic Product (GDP) over the past eight years. Tilewa Adebajo, CEO of CFG Advisory, disclosed this alarming ...

Nigeria’s government is betting on a new GDP rebasing exercise but there are doubts around whether this will truly reflect the nation’s economic reality. With Nigeria’s GDP falling to an estimated ...