EconomicConfidential
GDP Rebasing: Between Data-driven Euphoria and Economic Reality, by Zekeri Laruba Idakwo When Nigeria last rebased its Gross Domestic Product (GDP) in 2014, the world took notice. With a single statistical update, the nation’s economy seemingly doubled in size—vaulting from $270 billion to $510 billion. The headlines were celebratory: “Africa’s Largest Economy,”“Nigeria Overtakes South Africa,” “Economic […]
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GDP Rebasing: Between Data-driven Euphoria and Economic Reality, by Zekeri Laruba Idakwo
GDP Rebasing: Between Data-driven Euphoria and Economic Reality, by Zekeri Laruba Idakwo When Nigeria last rebased its Gross Domestic Product (GDP) in 2014, the world took notice. With a single statistical update, the nation’s economy seemingly doubled in size—vaulting from $270 billion to $510 billion. The headlines were celebratory: “Africa’s Largest Economy,”“Nigeria Overtakes South Africa,” “Economic