The National Secretary of the APC, Senator Ajibola Bashiru has faulted the claims of former PDP Presidential Aspirant, Dele Momodu over the current GDP figures in Nigeria under President Bola Tinubu. He pointed out that the last official rebasing of the GDP occurred in 2014, and it’s inappropriate to use those outdated figures to evaluate the current government’s performance….READ FULL ARTICLE...READ THE FULL ARTICLE HERE ▶▶
He stressed that the GDP rebasing should ideally occur every five years, but it has been a decade since the last update. He acknowledged that the National Bureau of Statistics (NBS) is actively working on new calculations, which will provide a more accurate economic assessment once completed. He dismissed the figures presented by Dele Momodu, attributing them to a lack of recent data and an outdated economic framework.
He said in an interview with Channels TV, ‘I’m a student of logic and of course I will not want to engage in what is called fallacy of astute generalization. I would rather want us to look at the specifics, you can’t just say all indices are doubled. I’m not oblivious of commentators that just throw up figures online. I know a defeated Presidential Candidate came here to throw up false figures on the GDP, those figures are not based on statistics. He’s (Dele Momodu) one of the people that lost electionand went to tribunal.
He’s brandishing some funny figures around the country. And the fact of the matter is that the last time
the GDP was rebased was in 2014 and we are in 2024. And of course, the re-basing of the GDP should be done on the basis of 5 years period. And now we are in 10 years and I’m aware that NBS is currently working on analysing and ra-basing our GDP. And it is when the figures are out that you can now be talking about the correct figure. You cannot be brandishing figures that was based on 2014 circumstances and then use it as a parameters to assess the current government…READ FULL ARTICLE
