Nigeria GDP swells to N372.8 trillion in 2024 after rebasing

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Nigeria’s economy is bigger than previously estimated, after statistics authorities changed the way they calculate gross domestic product and started adding more informal sectors to its calculations.


The country’s GDP rose to N372.8 trillion in 2024 from N314.02 trillion in 2023.


Read also: GDP rebasing: Why real estate displaced oil & gas as third largest sector

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