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Nigeria Is No Longer Africa Biggest Economy Now Second - Business - Nairaland

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Nigeria Is No Longer Africa Biggest Economy Now Second by Alphabyte2: 2:04pm On Oct 27, 2023
It seems that South Africa has overtaken Nigeria as Africa's largest economy, based on the South Africa JSE exchange at $1.36 trillion while Nigeria NGX is at $25 billion dollars . South Africa's GDP is projected to reach $401 billion in 2024, while Nigeria's GDP is expected to be $395 billion.


This indicates a shift in economic power between the two countries. It's worth noting that the exchange rate between the South African rand and the Nigerian naira has changed as well, with 1 rand now equal to 40.36 naira, compared to 25 naira during the Buhari era.

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Re: Nigeria Is No Longer Africa Biggest Economy Now Second by misreal(m): 2:11pm On Oct 27, 2023
Nigeria has been africas second for a long time bro
Re: Nigeria Is No Longer Africa Biggest Economy Now Second by Alphabyte2: 2:12pm On Oct 27, 2023
misreal:
Nigeria has been africas second for a long time bro
In terms of GDP we are number 1 with over 200 million people not anymore
Re: Nigeria Is No Longer Africa Biggest Economy Now Second by BIZNess123(m): 5:59pm On Oct 27, 2023
Nigerias economy is $500b + SA can't reach us
Re: Nigeria Is No Longer Africa Biggest Economy Now Second by BlackhatMentor: 3:04pm On Nov 18, 2023
BIZNess123:
Nigerias economy is $500b + SA can't reach us

With nothing to show for it
Re: Nigeria Is No Longer Africa Biggest Economy Now Second by Alphabyte2: 3:07pm On Nov 18, 2023
BlackhatMentor:


With nothing to show for it

SA is far Richer than Nigeria. Nigerian government are looking for nation to borrow money to fund budget.

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