Nigeria to Reclaim Top Spot as Africa’s Largest Economy with GDP Rebasing

Nigeria is preparing to release its much-anticipated GDP rebasing report, the first since 2014, which will update the base year to 2024. The new report is expected to provide a more accurate representation of Nigeria’s economic structure, particularly by capturing sectors within the informal economy. With the updated figures, Nigeria could surpass South Africa to reclaim its position as Africa’s largest economy. Joining us to discuss the implications and expectations of this GDP rebasing is Basil Abia, Co-Founder of Veriv Africa. Stay tuned for expert insights on this significant development. SUBSCRIBE to our YouTube channel:    / newscentraltvafrica   for more videos Follow News Central on: Facebook:   / newscentralafrica   Twitter:   / newscentraltv   Instagram:   / newscentraltv   LinkedIn:   / feed   Threads: https://www.threads.net/@newscentraltv TikTok:   / newscentraltv   For more content, go to: https://newscentral.africa #NewsCentral #Nigeria #Politics #AfricaFirst #Africa #News #WestAfrica #ECOWAS #Government #Governance