As Nigeria prepares to release its rebased GDP figures, concerns are growing over the potential misinterpretation of key indicators such as tax-to-GDP and debt-to-GDP.
This is critical, given that the previous numbers will reduce as the economy expands.
It is even more pivotal as underground economic activities—including prostitution and drug trafficking— will be reflected in the new GDP estimates.
GDP rebasing is a statistical exercise that updates the base year to measure new sectors and the activities in the economy.
As economies
