Nigeria: FG Commences Rebasing of States GDP With N1 Billion

22 May 2014

The compilation of the Gross Domestic Product (GDP) of the 36 states of the federation and the Federal Capital Territory (FCT) for 2014 has begun and will cost N1 billion. Out of this amount, the federating units are to contribute N522 million, representing 50 per cent of the total cost while the federal government will contribute N323 million, or 30 per cent.

Donor partners will bring the balance of N208 million, representing 20 per cent. The supervising Minister for National Planning, Ambassador Bashir Yuguda, disclosed this when he led a delegation of the National planning Commission (NPC) to the 2014 National Conference of Directors of Planning, Research and Statistics, (DPRS), in the public service held in Minna, Niger State.

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