Vunderkind
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Nigeria may leapfrog South Africa as the continent’s biggest economy when the government statistics agency publishes revamped data this weekend.
The National Bureau of Statistics is set to release gross domestic product figures based on 2010 production patterns in Africa’s most populous country, the first time Nigeria has overhauled the data in two decades. A report will be released at a press conference in the capital, Abuja, at about 2 p.m. local time on April 6.
The revision may boost the size of the economy by as much as 60 percent to between $384 billion and $424 billion, according to London-based Renaissance Capital Ltd., lifting Nigeria ahead of South Africa in the World Bank’s global rankings.
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Source: Bloomberg
The National Bureau of Statistics is set to release gross domestic product figures based on 2010 production patterns in Africa’s most populous country, the first time Nigeria has overhauled the data in two decades. A report will be released at a press conference in the capital, Abuja, at about 2 p.m. local time on April 6.
The revision may boost the size of the economy by as much as 60 percent to between $384 billion and $424 billion, according to London-based Renaissance Capital Ltd., lifting Nigeria ahead of South Africa in the World Bank’s global rankings.
Click here to read more
Source: Bloomberg
