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Rebasing of Nigerian GDP will reflect African economic reality more accurately

April 14, 2014

By Roelof Horne, portfolio manager, Investec Asset Management Nigeria’s rebasing of its GDP, which was announced this past weekend, may negatively affect perceptions about South Africa’s position on the continent, but it will reflect Africa’s reality far better. Nigeria is about three times the size of South Africa in terms of population, but its economy was th...

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