The Federal Government has issued a stern warning against any further delays in the release of the country’s Gross Domestic Product (GDP) figures, emphasizing the importance of timely economic data for policy-making and investor confidence.
The caution follows recent criticism over the late publication of Nigeria’s Q2 2025 GDP report by the National Bureau of Statistics (NBS), which sparked concerns among economists, investors, and international stakeholders. Delays in key economic indicators, the government noted, could undermine transparency and hinder informed decision-making in both the public and private sectors.
In a statement released by the Ministry of Finance, the government directed the NBS and other relevant agencies to adhere strictly to scheduled release timelines, warning that lapses would not be tolerated. “Timely and accurate economic data is critical for national planning and sustaining investor trust. Any future delays will be met with appropriate consequences,” the statement read.
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Analysts have welcomed the government’s stance, noting that consistent and prompt GDP reporting is vital for assessing economic performance, especially amid ongoing reforms aimed at stabilizing Nigeria’s economy. The NBS has yet to comment on the specific reasons for the recent delay but assured stakeholders of improved efficiency moving forward.
As Nigeria strives to strengthen its economic management, observers say enforcing discipline in statistical reporting will be key to maintaining credibility in global markets.
