EFTA01195155Set 9
2014-04-1333p14,550w
last updated
their approach to calculating gross domestic product (GDP), a process known as "rebasing" that
wealthy countries typically carry out every five years. When the Nigerian government finally ... more diversified. It's long
overdue. The United Nations Statistical Commission recommends a statistical rebasing every five
years, to:
a) account for changes in the patterns of economic activity (consumption ... more recent year, to account for inflation.
In Nigeria's case we have not rebased since 1990 — a whole quarter of a century ago. By updating the
base year from
https://www.justice.gov/epstein/files/DataSet%209/EFTA01195155.pdf