We offer some important facts about Nigeria’s rebased GDP towards correcting the fiction being shared and the doubts being created in some quarters. Only a factual account will suffice — and we will indulge politically motivated critics this once.
Browsing: Gross Domestic Product
The National Bureau of Statistics said this in the Nigerian Gross Domestic Product Report Q3 2024 released in Abuja on Monday.
This change included re-introducing the “Willing Buyer, Willing Seller” model at the Import and Export window at the foreign exchange market
The fact that the global economy is spiraling out of control with inflation, stagflation, recession and depression staring hitherto vibrant countries in the face does not matter. The United Kingdom battles worst inflation figures in 40 years. The United States of America is not faring better, with an all time high in 41 years. Turkey and South Korea, 24-year high. Russia, 20-year high. Israel, 11 years, South Africa, 13 years, Ghana, Nigeria, Rwanda, Botswana, facing 19, 17, 14, and 14, years inflation spike, respectively.
Moreover, in Nigeria, the digital sector is contributing about 10 per cent to Gross Domestic Product, making Nigeria the best home for digital skills in the continent.
This was according to the National Bureau of Statistics Quarterly Report released in Abuja on Saturday.
Buhari said this Tuesday while inaugurating the three million metric tonnes per annum urea production plant.
This is according to a DMO document obtained by the News Agency of Nigeria on Friday in Abuja.
The Minister said this at the 21st edition of Town Hall Meeting on the achievements of the Federal Government in infrastructure development held on Tuesday in Abuja.
Emefiele said this at the 56th Chartered Institute of Bankers of Nigeria Annual Bankers Dinner in Lagos on Friday.
Zainab Ahmed, Minister of Finance, Budget and National Planning, said this at the Public Consultation on the Draft 2022 to 2024 Medium Term Fiscal Framework and Fiscal Strategy Paper on Thursday.
The NBS disclosed this in its latest Gross Domestic Product for the first quarter of 2021.
Pantami expressed this in a statement issued by Dr. Femi Adeluyi, his IT Technical Assistant, in Abuja.
He said this on Thursday in Abuja during a media conference on the significance of the ongoing National Survey of Establishment.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, had last week passed the request of President Muhammadu Buhari to the National Assembly for the extension of the capital implementation of the 2020 Budget till March 2021.
Sylva disclosed this at the inuaguration of the programme by President Muhammadu Buhari in Abuja on Tuesday.
This was contained in a statement signed by his media aide, Olumide Akinrinlola on Sunday in Okitipupa.
Reacting to the National Bureau of Statistics quarterly report, its Director-General, Dr Muda Yusuf, told newsmen that the news of recession was not surprising.
The minister said this on Tuesday during a virtual meeting of state commissioners and permanent secretaries of women affairs on eliminating violence against women and girls across the country.
The latest edition of the World Bank’s Africa’s Pulse, titled: Charting the Road to Recovery,” which was released on Thursday, noted that the COVID-19 pandemic has reversed growth in Sub-Saharan African countries, including Nigeria.