LAGOS, April 25 (Reuters) – Nigeria’s GDP figures will shoot
up by around 40 percent in the second quarter this year, when
Africa’s second-biggest economy changes the base year for its
calculation to 2009 from the current 1990, a source close to the
matter told Reuters on Wednesday.
The recalculation will enable Nigeria to join the ranks of
middle-income countries and put it much closer in size to South
Africa, the continent’s most developed economy.
(Reporting by Chijioke Ohuocha; Editing by Tim Cocks)
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