One of the essences of the rebasing is simply for branding (Us and China are the biggest economy in the world, this alone put them in the minds of investors); and Nigeria is the biggest economy in Africa rings a bell. The rebasing may not directly put money in our pockets in the short term but it can do that in the long term by attracting investors who would eventually create jobs. The size of any economy in terms of GDP simply tell any investor the capacity of that economy to absorb different goods and services at any point in time “T”; and these are part of the things discussed in board rooms when the fortune 500 companies take decisions on the countries to invest.
See more ugly and nice reactions after the break.
