The federal government has approved Nigeria’s medium-term debt management strategy (MTDS) for the 2024-2027 fiscal year, pegging the debt-to-gross domestic product (GDP) ratio at 60 percent.

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...

Economists have noted that productivity remains a challenge in the Nigerian economy, despite the rebasing of the Gross Domestic Product, which has boosted the economy to N372.8tn.

Following the rebasing of Nigeria’s Gross Domestic (GDP) report, the National Bureau of Statistics (NBS) has stated that Nigeria’s economy grew by 3.13 percent.

The National Bureau of Statistics (NBS) will on Monday launch Nigeria’s long-anticipated rebased Gross Domestic Product (GDP) report, using 2019 as the new base year.

Nigeria’s total public debt could rise to N160.6 trillion by the end of 2025, raising new concerns about the country’s deepening fiscal vulnerabilities.