Nigeria government; the leader is elected by popular vote to a maximum of two 4-year terms. In the 28 March 2015 presidential election, General Muhammadu Buhari emerged victorious to become the President of the Federal Republic of Nigeria, defeating then-incumbent Dr Goodluck Jonathan. The president's power is checked by a Senate and a House of Representatives, which are combined in a bicameral body called the National Assembly. The Senate is a 109-seat body with three members from each state and one from the capital region of Abuja; members are elected by popular vote to four-year terms. The House contains 360 seats,
2014 Nigeria GDP rebasing 2014 Nigeria GDP rebasing In April 2014, the National Bureau of Statistics, Nigeria, under the government of Nigeria, announced changes to the way it calculated GDP, changing the calculation to more accurately reflect current prices and market structure, thus giving more weight to Nollywood and mobile phone services that had grown a lot recently. As a result, Nigeria's estimate of its GDP increased by 89%, moving it from Africa's second biggest economy (after South Africa) to the biggest economy. These changes were known as the 2014 Nigeria GDP rebasing or simply the rebasing. The base year for calculation (including information