May 27, 2024

CSEA participates at the Sensitization workshop on rebasing of Nigeria’s GDP and CPI

The National Bureau of Statistics (NBS) organised a one-day Sensitization Workshop on the “Rebasing of Nigeria’s Consumer Price Index (CPI) and Gross Domestic Product (GDP)” on May 23, 2024, in Abuja.

The workshop provided a platform for participants to gain more insights on the ongoing Rebasing of Nigeria’s GDP and CPI which includes revising the base year and changing the weights used to calculate both CPI and GDP estimates. These dialogues aimed at ensuring responsibility for both the procedure and the results of the Rebasing Exercises.
The Statistician-General of the NBS, Prince Adeyemi Adeniran, emphasised the importance of precise and timely data in a period of rapid change and global interconnectedness.
The workshop was organised to raise awareness among key participants and gather feedback and suggestions to produce an outcome that meets the requirements of all users and provides a more accurate and comprehensive view of the economy.
Dr. Adedeji Adeniran, Director of Research at CSEA, joined the discussion with other stakeholders and experts.