Nigeria’s GDP Set for Mild Growth Following First Rebase in a Decade

• Experts anticipate GDP to rise by 15-20% with the upcoming economic rebasing.
• 2014 rebasing boosted GDP by 89%, cementing Nigeria’s position as Africa’s largest economy.

Lagos, Nigeria – Nigeria’s first economic rebasing in a decade is expected to yield only a modest increase in gross domestic product (GDP) when the process concludes later this month. Experts predict a growth of 15% to 20%, a far cry from the 89% surge recorded in 2014 that positioned the country as the continent’s largest economy, with output climbing to $510 billion.