PricewaterhouseCoopers, PwC, on Thursday, March 18, projected that the Nigerian economy could leap through the world rankings to top 10 in 2050 with projected Gross Domestic Product, GDP, of $$6.4 trillion, surpassing Germany, the United Kingdom, France and Saudi Arabia.



Partner and Chief Economist, PwC Nigeria, Andrew Nevin, who disclosed Disclosing this at the Lagos Chamber of Commerce and Industry, LCCI-PwC organized stakeholders forum on the state of the economy, tagged “Nigeria: Looking beyond oil,” said Nigeria was the largest economy in Africa and 22nd globally.

He said to achieve this ranking, however, diversification from the economic over dependence on crude oil was required.

“Nigeria’s intrinsic potentialities lie beyond oil; harnessing these potentialities has become an imperative, given the expectations of lower for longer oil prices. Based on recent trends, our report reviews the impact of low oil prices on key economic indicators and the real sector through an industry survey,” he said.

However, he said the transition to a non-oil economy would not be an easy task. He said based on a 2016 PwC interview of foreign companies across Nigeria, four concerns stood out as challenges with the business environment: corruption, inadequate infrastructure, low skill levels, and macroeconomic uncertainty.

“Our survey highlights the exchange rate as one of the top challenges facing industries in recent times. Capital controls, FX rationing, and restrictions on the importation of certain items are measures the CBN has implemented to preserve the foreign reserves and maintain currency stability,” he stated.


He noted that Nigeria needed to ensure sustainable fiscal management that was resilient to global oil price cycles.

http://www.financialwatchngr.com/2016/03/18/nigerias-economy-rank-top-10-2050-pwc/

2050 indeed, wishful thinking I must confess.

As long as you people don't vote in a Dullard again the predictions would come to fruition.

My fellow progressives will scream sai Baba.

We can make it quicker we work harder, shun corruption and tribalism. Most importantly place value on human life irrespective of class

[s]

TippyTop:
As long as you people don't vote in a Dullard again the predictions would come to fruition.

[/s]
On the contrary, it will only come to pass if PMB is succeeded in 2023 by someone in his mold. And not if we allow another Ineffectual Buffoon as GEJ to come and ruin everything again.

Had OBJ and especially the Ineffectual Buffoon worked to diversify the economy when we had more than enough to do so, we could have surpassed the current ranking.

With PMB's methodical ways of doing things, blocking leakages, stopping wastages and finally diversifying the economy, Nigeria will even surpass expectations by 2050.

We're on the right track.

DropShot:

On the contrary, it will only come to pass if PMB is succeeded in 2023 by someone in his mold. And not if we allow another Ineffectual Buffoon as GEJ to come and ruin everything again.

If you think your ilk can foist another certificateless illiterate on us, you got another think coming.

DropShot:
[s][/s]
On the contrary, it will only come to pass if PMB is succeeded in 2023 by someone in his mold. And not if we allow another Ineffectual Buffoon as GEJ to come and ruin everything again.

Had OBJ and especially the Ineffectual Buffoon worked to diversify the economy when we had more than enough to do so, we could have surpassed the current ranking.

With PMB's methodical ways of doing things, blocking leakages, stopping wastages and finally diversifying the economy, Nigeria will even surpass expectations by 2050.

We're on the right track.

Yea. By starting oil exploration in the North.

In dreamland.

This is 2016 we ve heard a lot baack then targeted at 2015/16.
By 2050 who shall we hold responsible when a lot of us won't remember again.

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TippyTop:


If you think your ilk can foist another certificateless illiterate on us, you got another think coming.

[/s]
The so-called certificateless who is succeeding where the "how much did Nwobodo stole?" PH.D holder failed woefully is far superior and preferred by Nigeria.

Tallesty1:
Yea. By starting oil exploration in the North.

If that's your pain, I can't help it.

hmmm these nonsense rankings, 2050 !!! with no electricity in 2016.

TippyTop:


If you think your ilk can foist another certificateless illiterate on us, you got another think coming.

It was you and your crew that promised Nigeria hell if the so called certificateless man was voted in and what happened? We will vote him in for a second term so you can continue your wailing till 2023 and heaven will not fall.

[s]

DropShot:

The so-called certificateless who is succeeding where the "how much did Nwobodo stole?" PH.D holder failed woefully is far superior and preferred by Nigeria.

[/s]
You belong in the 1% that may still vote NEPA bill holder for a second term.
Bros it won't happen again.

TippyTop:
[s]
You belong in the 1% that may still vote NEPA bill holder for a second term.
Bros it won't happen again.

[/s]
The same 1℅ that voted for him the first time.
Awon pained losers!

DropShot:

The same 1℅ that voted for him the first time.
Awon pained losers!

Those who voted for the dullard has since realised the enormity of their error, there's the 1% (ediots) who would continue to vote the illiterate even on empty stomach.
Bros I hope you don't belong in that category.

TippyTop:


Those who voted for the dullard has since realised the enormity of their error, there's the 1% (ediots) who would continue to vote the illiterate even on empty stomach.
Bros I hope you don't belong in that category.

Lol... If GEJ is the candidate contesting head-on against Buhari again in 2019, the whooping of GEJ will be legendary; take that to the bank!

Na weed dem dey give this PWC people


Next news please

TippyTop:


Those who voted for the dullard has since realised the enormity of their error, there's the 1% (ediots) who would continue to vote the illiterate even on empty stomach.
Bros I hope you don't belong in that category.

If engaging in self deceit and delusion makes you happy and satisfied, I got no qualms with your choice.