If criminals are expected to pay taxes from proceeds of crime, the implication is that what they do could be used to model the GDPs of nations, some posit. It does seem like Nigeria is going after that playbook: “…the National Bureau of Statistics (NBS) announced plans to include illegal and hidden activities, such as drug trafficking and prostitution, in the calculation of Nigeria's Gross Domestic Product (GDP).”
Ndubuisi Ekekwe is the Lead Faculty at Tekedia Institute. He specializes in business and economics, with a focus on startups, technology, software, and the telecommunications industry in Nigeria and Africa. His insights on AI, retail, and e-commerce have garnered attention, and he is featured in various discussions surrounding these themes.