Nigeria’s currency, the naira, slumped against the United States dollar at the official window on …
Read More »Don’t misinterpret Nigeria’s GDP rebasing as economic progress, ADC warns
The African Democratic Congress (ADC) has stated a strong reservation for the new Nigerian Gross Product Rebasing Exercise (GDP), warning that renewed figures should not be misinterpreted as proof of economic recovery amid in -depth difficulties for ordinary citizens. In a statement released on Tuesday, ADC said that while rebasing exercises could increase certain fiscal indicators, such as increasing the …
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