Nigeria, March 12 -- President Bola Ahmed Tinubu has set forth an ambitious vision for Nigeria's economic transformation - a $1 trillion economy by 2026, with projections reaching $3 trillion by the end of the decade. This bold declaration, made at the 29th Nigerian Economic Summit, outlines a roadmap centred on revitalising agriculture, bolstering manufacturing, promoting made-in-Nigeria goods, and supporting local manufacturers through the indigenous sourcing of raw materials. While the timeline has sparked scepticism about its feasibility, there exists a statistical mechanism that might just make this economic utopia achievable: the rebasing of Nigeria's Gross Domestic Product (GDP).

The National Bureau of Statistics (NBS) has signall...