Wale Edun, minister of finance and coordinating minister of the economy, says the newly rebased GDP figures reflect Nigeria’s economic resilience and renewed momentum under the Tinubu administration. The National Bureau of Statistics (NBS) released the updated figures on June 21—the first GDP
The African Democratic Congress (ADC) has criticised President Bola Tinubu’s administration for celebrating Nigeria’s rebased gross domestic product (GDP), describing the move as “economic cosmetics” that fails to address the suffering of ordinary Nigerians. In a statement on Tuesday, Mallam Bolaji Abdullahi, the party’s national publicity secretary, said the federal
The National Bureau of Statistics (NBS) says Nigeria’s economy grew by 3.13 percent in the first quarter (Q1) of 2025, up from 2.27 percent recorded in the same period last year. In a statement released on Monday, the NBS said the growth was largely driven by the services sector, which recorded a 4.33 percent increase […]