•Governor Seyi Makinde of Oyo State Oyo State governor, Seyi Makinde has stressed that the country’s Gross domestic product (GDP) is growing but he is curious to know if Nigerians can feel the growth. Governor Makinde asked this critical question in “The Business of Governance”, his newsletter for August 2026. “I thought it would be […]...
•Tinubu and ADC logo The African Democratic Congress (ADC) today faulted the Tinubu-led federal government’s celebration of Nigeria’s reported GDP growth, saying the figures do not reflect the economic strain facing ordinary Nigerians. The party’s position speaks to a growing gap between official claims of progress and the daily reality of ris...
•Bismarck Rewane and food stuffs This week witnessed a carnival of official economic figures, with the dominant data being the release of Gross Domestic Product (GDP), which the National Bureau of Statistics (NBS) said grew by 3.13%; and the interest rate, which the Central Bank of Nigeria (CBN) retained at 27.5% for the third consecutive [&he...
The National Bureau of Statistics (NBS) has stated reasons for its plans to incorporate illegal and hidden economic activities, such as prostitution and drug trafficking, into the calculation of Nigeria’s Gross Domestic Product (GDP). The bureau disclosed this during a sensitisation workshop on GDP and Consumer Price Index (CPI) rebasing, orga...

