Nigeria: APC Calls GDP Rebasing PR Gimmick
The All Progressives Congress (APC) has described the data released by the federal government on the rebasing of the Nigerian economy as an orchestrated distraction and a mindless public relations gimmick, which the "masterminds said has seen the country emerge as the largest economy in Africa". In a statement issued Thursday by its interim National Publicity Secretary, Alhaji Lai Mohammed, the party said coming after the damning World Bank report which declared Nigeria as one of the countries harbouring the largest population of extremely poor people in the world, there is no doubt that the rebasing noise is the government's response to the classification by the Bretton Woods' institution. "However, the federal government has only succeeded in opening itself to ridicule. This is because if ever there was a clear play at oxymoron, this is it: The largest economy with the largest population of the poor, the largest economy with the largest population of t...