The World Bank said it supports Nigeria’s overhaul of its gross domestic product data that catapulted the economy ahead of South Africa’s as the biggest on the continent.
The Washington-based lender, along with the International Monetary Fund and the African Development Bank, cooperated with Nigeria’s statistics agency in rebasing the GDP data, the World Bank said in an e-mailed response to questions yesterday. The accuracy of the data can be improved further, it said.
