Nigeria’s last GDP rebasing was done in 1990
Barely days after being listed by the World Bank amongst the world’s five poorest countries, Nigeria has declared a Gross Domestic Product, GDP, of N80.3 trillion ($509.9bn), pushing ahead of South Africa as the continent’s biggest economy.
The new figure was announced Sunday by the National Bureau of Statistics after a rebasing that nearly doubled Nigeria’s GDP from N42.3 trillion.
