Nigeria’s Gross Domestic Product (GDP) has been significantly revised, rising from ₦80 trillion to ₦205 trillion, according to the Statistician General of the Federation, Adeyemi Adeniran.
This adjustment reflects a 41.7 percent increase compared to the previous GDP figures established during the 2014 rebasing exercise. The latest rebasing covered economic data from 2019 to 2023, using 2019 as the new base year.
Adeniran highlighted that the leading contributors to the expanded GDP include crop production, trade, real estate, telecommunications, and the oil and gas sectors, underscoring their critical role in Nigeria’s economic growth.
