By Chibuike Nwabuko
ABUJA (PRECISE POST) – Lines are beginning to fall in pleasant places for Nigeria again as the regains its status as Africa’s largest economy, less than a year after falling to fourth places.
Precise Post recalls that this is coming just two weeks after reclaiming its position as the continent’s top oil upstream hub.
Disclosing this on its official X account on Tuesday, the National Orientation Agency said with a GDP of $450 billion and a per capita income of $2.20, Nigeria has surpassed South Africa ($360 billion), followed by Egypt ($300 billion) and Algeria ($170 billion).
Other major African economies include Morocco ($120 billion), Kenya ($99 billion), Angola ($92 billion), Ethiopia ($91 billion), Ghana ($67 billion), and Tanzania ($62 billion).
World Bank Country Director for Nigeria, Dr Ndiamé Diop, credited the rebound to macroeconomic reforms, including exchange rate adjustments and improved foreign exchange access, which have bolstered growth.
