African National Congress (ANC) President Cyril Ramaphosa has described as impressive news that South Africa has reclaimed its spot as the biggest economy in Africa.

Nigeria’s economy was ranked as the continent’s largest in 2022.

Egypt, which held the top position in 2023, is projected to fall to second behind South Africa after a series of currency devaluations.

Ramaphosa was speaking to the media on the sidelines of an ANC campaign in Kwa-Ngcolosi outside Durban.


https://www.youtube.com/watch?v=Liaj0OSJ8gc?si=h89pRlf8vXKMS-1y

He said, ” We have now become the largest economy on the African continent, with Nigeria and Egypt having been up there and having their challenges and now South Africa being the largest economy in the continent. That position in itself attracts more investors, because they see that this is a country that is reforming various processes and it’s a country going somewhere. We have a clear destiny of where we are going as a country and that’s why we are attracting investors.”


https://www.youtube.com/watch?v=Liaj0OSJ8gc?si=h89pRlf8vXKMS-1y

The IMF’s World Economic Outlook estimates Nigeria’s gross domestic product at $253 billion based on current prices this year, lagging energy-rich Algeria at $267 billion, Egypt at $348 billion and South Africa at $373 billion.

Propaganda can only take us backward

It shall never be well with Buhari, Apc and tinubu.

Those emergency lovers of Nigeria in 2015, especially the 30k stipend crews...God will shame all of you

Just the same way Emefiele cooked out figures, same way SA are cooking their current GDP

We will overtake all of them once the naira start strengthening again

helinues:
Just the same way Emefiele cooked out figures, same way SA are cooking their current GDP

Go hide your head in shame, after supporting buhari for 8wasted years.

Look at how the country has retrogressed

Paraman:
We will overtake all of them once the naira start strengthening again

You think it's by posting this same comment on nairaland and everywhere

Keep voting failed government

Cindypresh:



Go hide your head in shame, after supporting buhari for 8wasted years.

Look at how the country has retrogressed

Did I also waste years in supporting both Yaradua and GEJ?

Your response needed

helinues:


Did I also waste years in supporting both Yaradua and GEJ?

Your response needed

Didn't you see how our economy grew between those years

You're really not educated

Cindypresh:


Didn't you see how our economy grew between those years

You're really not educated

Why not go back to the beginning of this thread and read to comprehend.

Should we be celebrating cooked figures when the yansh about it have been exposed?

Cindypresh:


You think it's by posting this same comment on nairaland and everywhere

Keep voting failed government

Yes bro, nah reality. The 3 countries are above Nigeria because we devalued the naira twice

helinues:


Why not go back to the beginning of this thread and read to comprehend.

Should we be celebrating cooked figures when the yansh about it have been exposed?

Yansh about the propaganda government you supported since 2015 is being exposed??

What has improved since your Apc took over, insecurity or cost of living??

Your government is the one living in lies and deceit since 2015

Paraman:
Yes bro, nah reality. The 3 countries are above Nigeria because we devalued the naira twice

Ok sis

So why are you defending the naira you devalued?

Cindypresh:


Yansh about the propaganda government you supported since 2015 is being exposed??

What has improved since your Apc took over, insecurity or cost of living??

Your government is the one living in lies and deceit since 2015

Are you one of the representatives of Oroki products?

You too like ejo wewe

helinues:


Are you one of the representatives of Oroki products?

You too like ejo wewe

Don't derail pls.

Oroki products or ekuke products, Apc you support is all of them.

The bad government you support since 2015 is killing the country

Your darling buhari printed 23 trillion naira and it disappeared without trace but you still defended it...lovers of Nigeria

Cindypresh:


Don't derail pls.

Oroki products or ekuke products, Apc you support is all of them.

The bad government you support since 2015 is killing the country

Your darling buhari printed 23 trillion naira and it disappeared without trace but you still defended it...lovers of Nigeria

@ emboldened must definitely be from IBS ( Ipob Bureau of Statistics)

Cindypresh:


Ok sis

So why are you defending the naira you devalued?

How's the government defending the naira? Kindly explain bro

APC the evil party has successfully plunged Nigeria 🇳🇬 into the abyss of economic misfortune

Paraman:
How's the government defending the naira? Kindly explain bro

You can't read and understand?

MrProlific95:
Propaganda can only take us backward

I wonder what is the benefit of propaganda if the truth will still eventually emerge.


They said the naira is gaining, but inflation is rising, and economy is falling apart.


So, what is the real value of the naira gains, if not artificial nominal gains that adds no value to the real National economy and standard of living.

Since when the figures dey favor you...

Figures from the same source o. They weren't cooked up figures? Now it's not in your favor it is cooked up.

Some of una get big problem o!

helinues:


@ emboldened must definitely be from IBS ( Ipob Bureau of Statistics)

I've always known you aren't educated

Cindypresh:


I've always known you aren't educated

How are loans equivalent to printing of money.

Stop exposing your illiteracy

AmuOtu:
Hello good morning. Please how do I open another nairaland account after getting banned?

Amuotu the notorious NL troller, stop asking dumbo question on Monday morning

AmuOtu:
Please answer my question. How do I do it. It is for your own good ok.

Upgrade yourself and be using chatgpt to ask such questions.

I get 2 chatgpt4 accounts to ask such questions without disgracing myself

AmuOtu:
Alright. I won't help you with a job again. Don't ever send me emails about job request again.

Those with job can never stoop so low to the level of creating dedicated monikers to be trolling others

Propaganda can only take us backward

Helineus and AmuOtu should get a room 🙄🙄🙄