Economists reject NBS GDP report as cost of living worsens

Economists person rejected the National Bureau of Statistics’ latest Gross Domestic Product study for the archetypal 4th of 2026 arsenic the outgo of surviving successful Nigeria worsens. 

Recall that the NBS study released connected Monday showed that the Nigerian system grew by 3.89 percent successful Q1 2026 compared to 3.13 percent recorded successful Q1 past year. 

The study showed that the work assemblage contributed much to aggregate GDP astatine 57.73 percent, followed by agriculture astatine 23.16 percent and industries astatine 19.11 percent. 

The NBS study further showed that nominal GDP stood astatine N110.79 trillion portion existent GDP was 51.36 trillion, with the non-oil sector’s publication accounting for 96.08 percent against 3.92 percent for the lipid sector. 

The reports, similar different GDP information by NBS, had stirred reactions from Nigerians and stakeholders amid the rising outgo of surviving successful the country. 

DAILY POST reported astir the surging vigor costs with cooking state astatine supra N1,500 per kilogram, substance astatine astir N1,400 per liter, and diesel astatine N2,000 per liter against the backdrop of a astir three-month-old Middle East crisis. 

Speaking to DAILY POST exclusively, the erstwhile president and president of the Coun...