Nigeria plans to include illegal and hidden activities in its GDP to better reflect its economy.

Nigeria's National Bureau of Statistics plans to include illegal and hidden economic activities in its GDP calculations, aiming to better reflect the country's economic reality. This new approach, based on 2019 data, will also account for sectors like the digital economy and modular refineries, potentially showing a larger economy than currently estimated. This could impact the tax-to-GDP ratio and per-capita income.

3 months ago
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