nkoso:

all that nigerians argue about is how big the country(economy) is, mentioning cities like lagos, abuja and all that. but not all nigerians leave in lagos - which is congested anyway! even if you leave in lagos, chances are that u are poor. very few are rich. ghana has less congested cities that are peaceful with stable electricity and a whole lot. if nigeria is as mighty as we have been misleading ourselves, why is it that every US president visits ghana instead of nigeria. lets stop lying to ourselves. i know it is hard to criticise your country when it is compared to a geographically small country like ghana but nigerians who have been to ghana know the difference. life is easier in ghana than nigeria.

West Africa: Nigeria rules sub-region.(Africa's Top 200 companies)(Survey)

After last year's survey of the top African companies, it would scarcely have been credible for Nigeria to further entrench its domination of West Africa's listed companies. Out of the top 50 companies in the region, an incredible 40 were based in Nigeria, with six in Ghana and four in Cote d'Ivoire.


Yet another year of strong growth in Nigeria has seen the West African giant extend its lead, taking 44 out of the top 50 slots in this year's survey, leaving just three for Ghana and two for Cote d'Ivoire.

First Bank of Nigeria is the biggest company in West Africa in this year survey. The rise in its market capitalisation from $2.2bn last year to $2.6bn in this year's survey has enabled it to overtake Nigerian Breweries. The latter suffered a small fall in value but hangs on to second spot ahead of telecoms company Sonatel of Senegal and a host of Nigerian banks.

Seven of the top 12 listed companies in West Africa are Nigerian banks: First Bank of Nigeria, Zenith Bank International, Union Bank of Nigeria, United Bank for Africa, Intercontinental Bank, Guaranty Trust Bank and Oceanic Bank.

All of the top 12 companies have market capitalisation in excess of $1bn, up from just four firms last year, indicating that the body of substantial Nigerian companies, particularly in the banking sector, is growing strongly.

Oceanic Bank is worthy of particular mention for the rapid rise in its market capitalisation from $463m last year to $1bn just 12 months on.

Nigeria is the most populous country in Africa, the eighth most populous country in the world, and the most populous country in the world in which the majority of the population is black. It is listed among the "Next Eleven" economies, and is a member of the Commonwealth of Nations. The economy of Nigeria is one of the fastest growing in the world, with the International Monetary Fund projecting a growth of 9% in 2008 and 8.3% in 2009.[7][8][9][10] International Monetary Fund (IMF) has also announced that Nigeria is the third fastest growing economy in the world after China and India, as a result of the growth of the nation’s economy from 6.9 per cent in 2009 to 7.4 per cent this year.[11] It is the third largest economy in Africa, it is also the largest exporter of oil in Africa[12] and is a regional power that is also the hegemon in West Africa.

Arosa:

At the time the op started this topic (2006) Ghana was the rishest; GDP per capita, while Nigeria is rishest; GDP purchasing power parity In West Africa. But now Nigeria is the rishest in any which way. LOL

OAM4J:

And where did you get this information from? let me guess. . . from your home-economics teacher

Omenani:

Dez,

Simply stating facts my "country" brother. lol

Nigeria is the wealthiest nation in Africa, yet its people are poor. That is the irony of the situation.

udezue:

LOL  Bia wetin be your name for fesbuk?

Omenani:

You already know brother. But lets keep that as a secret. How is H-town treating you?

alj harem:

= ezeuche defiantly

udezue:

lmfaooooooooo Who cares? The country is still freaking poor. People running around scavenging dead meat of whale and una dey here dey argue who is richer than who? LOL We are still leaving in droves, no light, no water, no security, no real democarcy, no human rights, no sewage system, no healthcare, no welfare, etc

Talk about how to improve economy and governance not chest-beating like as if it will change the price of garri.

Omenani:

? 

I really do not know this ezeuche character though. . . But reading some of his post, I disagree with many of his stances on MANY issues.

So do not insult me. I am my own person.

Omenani:

I am sure you don't understand. A person tries to post on these threads freely and then you try to associate him with another person. What kind of sense does that make? Let Ezeuche speak for himself, and allow me  to write freely. I have no time to entertain such foolish shananigans and the tribal games that many of you play on Nairaland. It is not my cup of tea to say the least. I am here on Nairaland to discuss serious topics. Not to battle you people.

no real democarcy, no human rights

ROSSIKE: emeka, thanks for that official data you posted above. It shows that Indians, Pakistanis, Kenyans, Ghanaians, Banglageshis etc have it much worse than Nigerians, but you'll rarely find any of those people dismissing their country the way some idiots who call themselves Nigerians do.

And I'm really getting sick of people going on about ''how well Ghana is doing''. Look, if you visit Ghana, all they have is Accra. Finish. Drive out of Accra the capital and you'll be wondering just what it is that people are talking about. It's like stopping off in Abuja and returning to say Nigeria is now eldorado.

Please please please, there is no basis for comparing Ghana to Nigeria. The Annual GDP of Lagos State alone is $33 billion.

The annual GDP of Ghana is $22 billion.

Says it all right there.

No basis for comparison.

omonozozo: Yes Ghana is the rishest; GDP per capita, while Nigeria is rishest; GDP purchasing power parity In West Africa. Nigeria is by the way the largest exporting Nation in Africa.

OAM4J: I wonder why people just argue blindly in this age and time.

Facts and figures are not far fetched, they are available at the clicks of your mouse. Why make silly assumptions.

If you want to know the richest country in West Africa by whatever parameter, check d internet

Goggle is still user friendly.