The International Monetary Fund (IMF) has listed Nigeria as the world’s 22nd largest economy in the world. According to a survey by the IMF, with an annual growth rate of 5% during the course of 2015, Nigeria’s gross domestic product (GDP) is set to total $1.105trn in 2015, representing a 5% growth from last year.

The report which was published on the website of the global body stated that despite global crude oil prices falling by about three quarters over the last year, Nigeria has defied the negative growth that afflicted several crude-producing countries.

Africa’s two other economies on the list Egypt and South Africa, who were ranked 24th and 30th respectively, enjoyed GDP growth rates of 5.2% and 2.4% respectively.

In terms of growth, Nigeria, was also the sixth highest achiever as only China, India, Egypt, Pakistan and the Philippines recorded higher GDP growth.

Over the last 15 years, Nigeria has enjoyed annual GDP growth rates of about 7% but with crude oil prices falling to about $40 a barrel from over $100 a barrel, it is no surprise that growth has slowed.

Despite this, the economy continues to diversify and the country remains on course to achieve its goal of becoming one of the world’s top 20 economies by 2020.

https://www.naij.com/649526-nigeria-now-world-s-22nd-largest-economy-imf.html

Yaaay for Nigeria!!!

https://www.youtube.com/watch?v=RW2-gp5HVYg

[size=15pt]Aliko Dangote On Improving Nigeria's Economy [/size]