The National Bureau of Statistics (NBS) on Monday said it will delay the release of Nigeria’s second-quarter GDP data by a week because of a backlog of work caused by the rebasing exercise.
GDP data is scheduled for release 45 days after the end of each quarter, though the NBS does not always keep to a precise schedule with data releases.
Yemi Kale, NBS chief executive told Reuters that “the rebasing in April … took us off our normal quarterly schedule” by creating a backlog of adjusting work.
The rebasing almost doubled the size of the country’s economy to $510 billion, making Nigeria Africa’s biggest economy, surpassing South Africa.
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