Showing posts with label Adewale Smatt-Oyerinde. Show all posts
Showing posts with label Adewale Smatt-Oyerinde. Show all posts

Friday, November 29, 2024

GDP Growth Report: Whose Figures?

 By Adekunle Adekoya

“There are three kinds of lies: Lies, Damned Lies, and Statistics.” — Mark Twain (1835-1910). Please note that Mark Twain himself attributed it to former British Prime Minister Benjamin Disraeli (1804-1881)

Last Monday, the National Bureau of Statistics, NBS, released a report on the National Gross Domestic Product for Q1 2024, that is, the first three months of this year. On its website, NBS gave the following overview: Nigeria’s Gross Domestic Product (GDP) grew by 2.98% (year-on-year) in real terms in the first quarter of 2024.