₦airaland Forum

Despite a significant GDP rebase and currency adjustments, Nigeria maintains its place as Africa’s fourth-largest economy. What does this mean for the country’s economic standing and future growth?

NIGERIA RETAINS FOURTH POSITION DESPITE GDP REBASE

Before
1 🇿🇦South Africa — $400.26bn
2 🇪🇬Egypt — $389.06bn
3 🇩🇿Algeria — $263.62bn
4 🇳🇬Nigeria — $187.76bn
5 🇪🇹Ethiopia — $163.70bn

After
1 🇿🇦South Africa — $400.26bn
2 🇪🇬Egypt — $389.06bn
4 🇩🇿Algeria — $263.62bn
3 🇳🇬Nigeria — *$251.9bn
5 🇪🇹Ethiopia — $163.70bn

*Using the Central Bank of Nigeria's annual average FX rate

#Statisense
(NBS/CBN)

That was because the gap between Nigeria and Ethiopia was large before the adjustment.

But then after all the IMF hype, our economy dropped from 250b to 187b?

Is this how we are going to get our 1b dollar economy?

richmond500:
That was because the gap between Nigeria and Ethiopia was large before the adjustment

You sound ridiculous. Are we now competing with Ethiopia? How hath the mighty fallen under Tinubu.

AMINDA:
You sound ridiculous. Are we now competing with Ethiopia? How hath the mighty fallen under Tinubu.

It's just his job he's doing. Whenever you read such posts from that user just know it's because of the giant corn 🌽 in his backpocket 😏

AMINDA:
You sound ridiculous. Are we now competing with Ethiopia? How hath the mighty fallen under Tinubu.

Oga go and rest.
Read my comment before typing rubbishwith your free operamini.

I said Nigeria still retained it's position because the previous gap was too much, hence it would have been no5 or 6th.