Economists Slam NBS GDP Report for Missing Rising Cost of Living

Economists have dismissed the latest NBS Gross Domestic Product figures as out of touch with Nigerians’ everyday struggles. The data shows a 3.89% growth in Q1 2026, driven by services at 57.7%, agriculture at 23.2%, and industry at 19.1%. Non-oil sectors account for over 96% of the economy. Experts argue the numbers fail to capture soaring prices of cooking gas, fuel, and diesel. They are calling for a revised GDP calculation that reflects the reality faced by market traders, artisans, and students.

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