THE recently rebased Gross Domestic Product (GDP) or National Output of the Nigerian Economy comes in at a time such critical insight and numbers are necessary for planning and global economic engagements. We offer some important facts about Nigeria’s rebased GDP towards correcting the fiction being shared and the doubts being created in some quarters. Only a factual account will suffice and we will indulge politically motivated critics this once. FACT 1: GDP REBASING IS AN ECONOMIC AND ACCOUNTING NECESSITY, NOT A GIMMICK The rebasing of Nigeria’s GDP by the National Bureau of Statistics (NBS) aligns with international best practices.…
Author: Sunday Dare
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ACROSS Nigeria’s 36 states, a now obvious and relentless economic transformation is unfolding—driven by the bold, strategic reforms of President Bola Ahmed Tinubu. From Benin City to Birnin Kebbi, Lagos to Lafia, the signs are increasingly clear: the Renewed Hope Agenda is not just about empty political sloganeering—it is a nationwide movement that is empowering state governments to deliver real, measurable progress to their people. This new wave of development is intentional. It results from President Tinubu’s careful adjustment of Nigeria’s economic structure. The removal of unsustainable fuel subsidies, the unification of exchange rates, and a more sensible debt profile…
AS Nigeria and South Africa hold the 11th session of Nigeria-South Africa Bi-National Commission, in Cape Town, on Tue Dec 3, 2024 it is trite to establish the contours of their relationship and to thank President Tinubu for keeping faith with Africa’s other big brother. The radar on Nigeria again shifts to South Africa witnessing three weeks of unprecedented shuttle political and economic diplomacy. President Bola Tinubu’s co-chairmanship of the 11th Nigeria-South Africa Bi-National Commission (BNC) alongside President Cyril Ramaphosa marks a significant diplomatic step towards fostering stronger bilateral ties. This meeting, which coincides with the 25th anniversary of the…
THE book: The Architect of Renewal: The Bola Ahmed Tinubu Story is a discourse on history as they affect contemporary issues. It is a deliberate presentation of a rich background to an era that is just beginning. It could therefore be called, history in progress—a literary contradiction that explains an immediate past which has laid a foundation for an unfolding future. The authors are simply saying: if you want to be sure of what President Bola Ahmed Tinubu can do for Nigeria, or who he really is, then follow our scrutiny as we walk down the terrain that exposes his…