Nigeria To Regain Biggest African Economy Position After Rebased GDP - Politics (2)

Nigeria To Regain Biggest African Economy Position After Rebased GDP - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › Nigeria To Regain Biggest African Economy Position After Rebased GDP (8406 Views)

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Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by Jeezuzpick(m): 7:02am On Jul 08, 2025

Rebasing of GDP as a substitute for real economic growth?

Let us continue to receive ourselves.

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Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by ChiRita5: 7:02am On Jul 08, 2025

Coming from a man that said

Na statistics we go chop. They want to cook up some lies

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Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by Hemanwel(m): 7:03am On Jul 08, 2025*

Now that the APC has falling out with Nigerians, they want to start fabricating economic indices that will portray them as "working".

They want to cook-up the GDP rebasing to place Nigeria as the number one economy in Africa, which is in sharp contrast with the economic reality.

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Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by kolaaderin: 7:03am On Jul 08, 2025

Imagine all those hateful comments above against your own country,well rebase will reconfirm Nigeria to be the biggest economy base on facts and hateful dark minds could all join their ancestors by suicide if they are not pleased.

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by creativejagaban: 7:04am On Jul 08, 2025

SmartPolician:
These APC guys are only interested in toppling South Africa to become the biggest economy in Africa. I hope there are credible international economy-rating agencies that are closely watching their methodology and its application.

How can you float your currency and create so much poverty and yet you think you are big? How many jobs has Tinubu created since he came on board?

Go and ask your agulu Lord to go and verify for you now.

The economy is for Nigerians not biaf ra.u.d grin

So we are happy cheesy

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by VeeVeeMyLuv(f): 7:04am On Jul 08, 2025

Nigeria's estimated GDP per capita for 2025 is $835.49, according to the International Monetary Fund (IMF). This figure represents a decrease from $877.07 in 2024.

GDP = $188.27 billion (nominal, Q1 2025)

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by CodeTemplarr: 7:05am On Jul 08, 2025*

Rebasing the GDP entails inclusion of hitherto excluded things people now produce and spend money on.

Good example is GMS and Mobile. There waa none when the old GDP rebasing was done but there is GSM and Mobile now, and we know Nigeriams spend significantly on these hitherto excluded things.

Rebasing also presents the chance to exclude thing no longer consumed as much as it used to be before the rebasing was done

I just hope Tinubu doesn't abuse a good process for propaganda sake.

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Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by DeepSight(m): 7:06am On Jul 08, 2025

May heaven rid us of this curse.

Xxxxxxxxxxxxxxxx

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Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by ribbit: 7:06am On Jul 08, 2025

InvertedHammer:
/
Rebasing is euphemism for "cooking the book".

Some obscure metrics like hookup will be assigned ridiculous dollar valuations for a feel good moment to prop up the GDP.
/

does that mean gej and okonjo iweala cooked the book when they rebased economy and put us as the biggest economy in Africa?.

Ehn invertedunce.

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Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by kolaaderin: 7:13am On Jul 08, 2025

cucumbar:
Why are they rebasing if no be mago mago dem wan do?

They want to push it down my throat that the Wuru wuru economy is improving, while the market says otherwise.

Fraudulent lots.

So to your mind after 10 year no rebase should be done. Hate will kill most of your kind. This government is doing fine rebase will incorporate sector not included in 2014, a major example will be the refinery production which will add significantly a lot to our GDP. Do we have that in 2014 the answer is no. Nigeria remains the largest economy in Africa and if you all don't like it, leave this space for people that still believe in the progress of this country.

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by sulaak(m): 7:29am On Jul 08, 2025

cenaman:
Having the biggest GDP in the continent does it translate to the citizens living in prosperity?

Large GDP with no electricity, clean water, millions of children in poverty and 123 million people in extreme poverty.

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Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by bjdon: 7:33am On Jul 08, 2025

I understand why many people are cynical about this, but the simple truth is the Nigerian economy is much bigger than is officially reported The informal 'Cash in hand sector' is massive, and its only right that efforts are made to include it in the GDO figures

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by Zeebuy: 7:34am On Jul 08, 2025

kolaaderin:
why must you all lament on every positive image of this country, it must be very hard and ash to sanity of mind be thinking negatively always.

The person you quoted is actually correct.
The rebased the economy but it doesn't mean the economy improved, it means they changed the criteria for which they use for measuring the economy.

Changing the tyre of your Toyota Camry to use the tyres of a range Rover sport doesn't turn your Camry into a range rover sport, does it?

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Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by Osariemen12: 7:42am On Jul 08, 2025

The most incompetent administration in Nigeria since 1999.

God forbid!

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Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by advanceDNA: 7:42am On Jul 08, 2025

cucumbar:
Why are they rebasing if no be mago mago dem wan do?

They want to push it down my throat that the Wuru wuru economy is improving, while the market says otherwise.

Fraudulent lots.

NBS is another strong weapon fashioned against Nigerians....

Last time, they adjusted what being employed means .....from having a regular monthly or weekly wage to just doing at least one day job in a month..
grin

When u are told to get the Tiger attacking the villagers.....if u can't get the Tiger...get any local pvssy cat, and call it a tiger......

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Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by Basic123: 7:43am On Jul 08, 2025

Redoil:
rebasing means to type big fake paper GDP figures just to deceive there minions and foot soldiers thinking foreign investors will be deceived too.
.
The rebasing exercise may reflects the evolution of Nigeria’s economy and incorporates imaginary and fictitious figures economic realities. It may also say more than the size of the GDP, but about providing more accurate and comprehensive data for policy formulation and investment decisions- an insider familiar with the process said.

But you guys based the fall of Nigeria economy on what rebased by GEJ in 2014.

If its a scam,why are you using the last rebase figure as the reference point?

Shun your hatred for Tinubu and let economist lecture you on GDP rebasing

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by Risingblue008(m): 7:52am On Jul 08, 2025

If u believe this crap,
Say I am a fool

Nigeria,full of cruise

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by sulaak(m): 7:53am On Jul 08, 2025

Kukutente23:
Let us wait and see what the figures will bring
Nigeria's economy has taken serious battering under the incompetent people
WB even had to warn them after they released the inflation figures to stop cooking data and figures
I guess that's why the GDP rebasing took so long

I believe the Tinubu reform has been perfect for Nigerians, very painful but necessary. Nigeria's GEJ failed to implement these reforms in 2012.

Currency reforms with the floating of Naira,, subsidies reform, and subsidies reforms and eletricity reform to the sub-national. What we need is regional restructuring and a state police force.

Nigeria wants to continue exporting raw materials and importing subsidised food, PMS, and services.

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by Abdotcom(m): 7:58am On Jul 08, 2025

How does it translate to the general public living conditions

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by seunmsg(m): 8:07am On Jul 08, 2025

This is long overdue. We’ve been expecting the new GDP figure for sometime now.

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Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by watchindelta(m): 8:08am On Jul 08, 2025

Without light in 2025 yeye economy. Yeye citizens

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by COMPAQ(m): 8:09am On Jul 08, 2025

Kemetian:
Nigeria To Regain Biggest African Economy Position After Rebased GDP

https://dailytrust.com/nigeria-to-regain-biggest-african-economy-after-rebased-gdp-report/

I recall they said it would capture prostitution. And to be honest it really should, cos the amount spent on Hookup, Runs, Prostitution, Ffrriends with benefits and whatever else name is called, is humongous, particulalrly in Lagos, where all the clubs, bars and lounges are filled with these girls.

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by Lithiumite: 8:15am On Jul 08, 2025

cenaman:
Having the biggest GDP in the continent does it translate to the citizens living in prosperity?

But obidients were frothing in the mouth about GEJ making Nigeria the biggest economy in Africa and how aoc had changed that without even having the basest knowledge of how these things work.....now tinubu should come shame you guys.

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by bdon123(m): 8:17am On Jul 08, 2025

Kemetian:
Nigeria To Regain Biggest African Economy Position After Rebased GDP

https://dailytrust.com/nigeria-to-regain-biggest-african-economy-after-rebased-gdp-report/

They are trying to fake it again...wat is wit this man n fraudulent acts

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by Lithiumite: 8:18am On Jul 08, 2025

Redoil:
rebasing means to type big fake paper GDP figures just to deceive there minions and foot soldiers thinking foreign investors will be deceived too.
.
The rebasing exercise may reflects the evolution of Nigeria’s economy and incorporates imaginary and fictitious figures economic realities. It may also say more than the size of the GDP, but about providing more accurate and comprehensive data for policy formulation and investment decisions- an insider familiar with the process said.

But you added it to the scorecard if GEJ in 2014 when it was last done... Leave these ones too to blow their trumpet.

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by israelmao(m): 8:20am On Jul 08, 2025

Would the improved or rebased or manipulated GDP impact the lives of ordinary Nigerians?Would it resolve high rate unemployment, insecurity and hunger?

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by Kukutente23: 8:30am On Jul 08, 2025

sulaak:
I believe the Tinubu reform has been perfect for Nigerians, very painful but necessary. Nigeria's GEJ failed to implement these reforms in 2012.

Currency reforms with the floating of Naira,, subsidies reform, and subsidies reforms and eletricity reform to the sub-national. What we need is regional restructuring and a state police force.

Nigeria wants to continue exporting raw materials and importing subsidised food, PMS, and services.

The reforms have not been perfect for Nigerians. Maybe for the govt of Nigeria.

GEJ failed in his attempt to remove fuel subsidies because those who occupy govt today organised resistance to it. You can't blame GEJ for people who chose to sabotage his govt when they have no better ideas to run govt.

Check it out. When GEJ wanted to remove fuel subsidy, our inflation was at 7%, minimum wage was $122, and exchange rate was N155 to$1

Fuel price was expected to move from N85 to N145 which is less than 100% increase. It was strongly resisted then.

In 2023 when Tinubu removed the fuel subsidy, inflation was at 27%, minimum wage was $45, exchange rate was N460 to $1. More importantly, his removal of subsidy led to over 300% increase in fuel price from N189 to N620.

Naira was under managed float from 2002-2014 and it moved from N105 to N216, just slightly above 100% within that 12 year period.

In 2 years that Tinubu claimed to have floated the naira, it has moved from N460 to N1800 and presently at N1500. That's over 400% depreciation within a 2 year period.

So it's obvious who managed the economy with skill and competence and who is mismanaging it with lies and propaganda

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Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by nwirinedu(m): 8:31am On Jul 08, 2025

Rebased on what basis? These people are just playing with figures.

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by MRMRMR: 8:34am On Jul 08, 2025

Instead of growing the economy, they are re-faking abi rebasing it. If una like make rebase it & call it the biggest economy in the world. Everyone, with the exception of APshit urchins, knows true position of Nigeria economy.

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by allthingsgood: 8:37am On Jul 08, 2025

cenaman:
Having the biggest GDP in the continent does it translate to the citizens living in prosperity?

Can't you just accept good news and be happy. Why must you find a way to make it grim huh

Re: Nigeria To Regain Biggest African Economy Position After Rebased GDP by Demurray: 8:37am On Jul 08, 2025

The ministry of propaganda at it again, they operate discretely .
"To Regain" is different from "Regain" these propagandists should wait for the time Nigeria regains biggest economy first.

Are they telling us dancing around because of "To regain"?

abeg keep you yeye news to yourself

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