Our reporter/ Nigeria will to rebase its gross domestic product (GDP) and inflation data by the end of the month to capture changes in certain sectors of the economy and reflect current growth and consumption patterns, The National Bureau of Statistics [NBS] said on Monday.
According to the agency, some sectors of the Nigerian economy have experienced significant growth since the last rebasing in 2014. These sectors now require proper representation in the GDP compilation.
It added that marine and blue economy, arts, culture, and tourism, information and communication technology and e-commerce activities were among those sectors.
Nigeria previously rebased its economy in 2014 which positioned the country as Africa’s largest economy.
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