By Ada Samson, Abuja
The National Bureau of Statistics (NBS) has announced Nigeria’s Gross Domestic Product (GDP) growth rate for the first quarter of 2025, revealing an expansion to 3.13%—up from 2.27% in the same period last year.
The figures come alongside a major recalibration of the country’s GDP calculations, with the NBS updating the base year to 2019 for the first time in over a decade.
The rebasing exercise, long anticipated by economists, is expected to provide a more accurate reflection of Nigeria’s current economic structure, capturing shifts in key sectors like technology, entertainment, and financial services.
Early analysis suggests the higher growth rate reflects both real economic activity and methodological adjustments.
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