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Nigeria Considers 2012 as New Base Year for GDP Data, Kale Says

Nigeria’s statistics bureau is considering using 2012 as a base for the country’s gross domestic product data as it reviews its methods, said the head of the agency, Yemi Kale.

The National Bureau of Statistics is updating its GDP base year to give a better indication of the size and composition of the economy of Africa’s largest oil producer. It had previously decided to use 2010 as the reference.