Four years into the Presidency of Dr. Goodluck Jonathan, it is no longer news that Nigeria is now Africa’s largest economy after a GDP rebasing that recalculated and recalibrated the constituent parts of our economy and showed that Nigeria’s 2013 nominal GDP was $510 billion, 80% higher than previously reported. This makes Nigeria the 26th largest economy in the world, surpassing not just South Africa (with a GDP of $356 billion as of 2013) but also Austria, Venezuela, Columbia, Thailand, Malaysia and Singapore.
Posted on: Tue, 02 Sep 2014 01:37:39 +0000
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