The National Bureau of Statistics has published the rebased Gross Domestic Product figures, using a base year of 2019.
In nominal terms, the rebased GDP for 2019 stood at N205.09trillion, N213.63 trillion in 2020, N243.30 trillion in 2021, N274.23 trillion in 2022, N314.02 trillion in 2023, and N372.82 trillion in 2024.
This revision represents a 41.7% increase in nominal estimates compared to a 59.7% revision in the 2010 rebasing exercise.
Real GDP growth in 2020 stood at -6.96% and improved to 0.95% in 2021. Higher growth rates were recorded in 2022 and 2023, at 4.32% and 3.04%, respectively. While 2024 recorded a real GDP growth rate of 3.38%.
Read the rebased GDP and Q1 2024 Reports on the NBS Website.
Link here: https://t.co/sKq7vZNfMC
@turaya@woye1@ProfOsinbajo Very correct. Its PforR. Performance for Results. A loan. You spend your money on targeted DISBURSEMENT-LINKED INDICATORS, you are then reimbursed. To me, it's best described as Performance for Reimbursement. Thanks
@seyifunmiiiii@Iam_muhammad88@AgeneZeek Politician at the local government like the councillors, supervisory councillors and Chairmen received same percentage as the workers.
@daily_trust The correct figure is N3.98billion. And before the end of this quarter another N3billion would be released. Asiwaju Asiru Idris FCA, Kogi State Commissioner of Finance, Budget and Economic Planning.
@prime_abubakar Once the report is approved, it will be published and we will come online again to discuss it. The fact remains we have to reduce our overhead.
#InvestInKogi