National Bureau of Statistics (NBS) may unveil rebased figures for economy July 11

The National Bureau of Statistics (NBS) may launch its rebased Gross Domestic Product figure on July 11, The Nation learnt from an insider source yesterday.

The bureau’s Head of Public Relations, Folorunso Alesanmi, deferred his response to Monday when asked to confirm the information.

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In a terse text message reply to our inquiry, he said “I will reply you on Monday when I get the final information about it.”

Recall that the country changed the year of its GDP from 1990 to 2010 in 2014, when the figure was raised by 89 per cent.

The much awaited July 11 figure is expected to increase economic indicators such as per capita income, debt-to-GDP ratio and tax revenue outlooks.

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