The Federal Republic of Nigeria becomes Africa’s biggest economy

The Federal Republic of Nigeria has now become Africa’s biggest economy, surpassing the Republic of South Africa. GDP for 2013 in the Africa’s top oil producer was 80.22 trillion naira, or $509.9bn as disclosed by the Nigeria Bureau of Statistic on 6 April 2014. This is good news for  Africa in general, and the Federal Republic of Nigeria in particular. The challenge remains how this GDP growth translates into human development. Whatever the situation, Nigerians and Africans should be proud of this forward march. Hope to see Nigeria on the G20 and the BRICS sooner than later. Those are places well deserved.

For more details, please click the link below.

http://www.aljazeera.com/news/africa/2014/04/nigeria-becomes-africa-largest-economy-20144618190520102.html#.U0kNSfHDqHw.facebook

 

 

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