Nigerian Economy Rebasing, Good For The Ego - Economist
- Author:
- channelsweb
- Publisher:
- Channels Television
- Publication Date:
- 7 April 2014
- Tags:
- Nigeria, Economy, Business and Finance
An economist, Henry Boyo, has described the Nigerian economy rebasing as a development that is "good for the ego", insisting that the standard of living of an average Nigerian is lower than that of a South African. After rebasing the country's economy the Statistician General of the Federation, Yemi Kale, said that the "GPD now stands at 510 billion dollars". The Minister of Finance, Dr Ngozi Okonjo-Iweala, said that Nigeria moved 10 positions up to number 26 in the list of largest economies in the world, ahead of South Africa.
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