The federal government is set to rebase the country’s Consumer Price Index (CPI) and Gross Domestic Product (GDP) by 2025 to enhance policy accuracy and boost investor confidence.
This was disclosed in a statement on the official X (formerly Twitter) account of the Ministry of Finance following a meeting between the Statistician General of the Federation, Adeyemi Adeniran, and his team.
According to the Ministry, Adeniran met with Minister Wale Edun to provide a comprehensive update on the ongoing rebasing of the CPI and GDP.
The Ministry further announced that the validation and launch are scheduled for early 2025.
“The Statistician-General of the Federation, Prince Adeyemi Adeniran, and his team met with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, at Finance HQ earlier today to present a comprehensive update on the ongoing rebasing of the Consumer Price Index (CPI) and Gross Domestic Product (GDP).
“Set for validation and launch…