Nigeria is set to become one of the top 5 economies in the world
October 18th 2023


Nigeria is emerging as a significant economic force on the global stage.
With a current GDP of $477 billion, Nigeria is Africa's largest economy and is poised for rapid growth.
A report by Goldman Sachs forecasts that by 2075, Nigeria is set to become one of the top economies globally.
The "Giant of Africa," Nigeria, is quickly establishing itself as a major economic force on the international scene.

Nigeria is positioned to play a key role in the global economy because of its expanding population, wealth of natural resources, booming tech sector, and dedication to economic change.

Currently, Nigeria stands as Africa’s largest economy, with a GDP of $477 billion, and a lot of wiggle room for fiscal expansion. Additionally, the country is estimated to grow at a rather rapid pace, taking its economic dominance past the African landscape and onto the global stage.


A report by Goldman Sachs, a world-leading investment bank, buttresses this point. In one of its research reports titled, The Path to 2075, the investment bank noted that Nigeria is set to become one of the top economies in the world by 2075, standing only behind, China, India, the United States, and Indonesia.


The report identifies four major themes for the global economy, “1. slower global potential growth, led by weaker population growth, 2. EM convergence remains intact, led by Asia’s powerhouses, 3. a decade of US exceptionalism that is unlikely to be repeated, and 4. less global inequality and more local inequality.”

The report also notes that by 2050, Nigeria will be amongst the top 15 economies in the world, coming in at the 14th spot.

An extract from the report reads, “The prospect of rapid population growth in countries such as Nigeria, Pakistan and Egypt implies that – with the appropriate policies and institutions – these economies could become some of the largest in the world.”

https://africa.businessinsider.com/local/markets/nigeria-is-set-to-become-one-of-the-top-5-economies-in-the-world/mz7tp70#:~:text=Nigeria%20is%20emerging%20as%20a,of%20the%20top%20economies%20globally.

Ok

Delusion is FREE.

This report is probably coming from The National Tribune, TVC or one of those pro-Tinubu dailies because even world rating organisations say that South African economy will surpass Nigeria's economy in the coming months.

God bless Nigeria

Ms202309:
God bless Nigeria

Hahahahaha
shatap
Stop talking nonsense

SoNature:
This report is probably coming from The National Tribute, TVC or one of those pro-Tinubu dailies because even world rating organisations say that South African economy will surpass Nigeria's economy in the coming months.

or from Ajuri ngalielie

Propaganda that helps no one

I guess Oduduwa would come and change the economy.

What is the rank going to do for us?
Still nothing

You want to overtake USA, China, Japan, Germany and India with your paltry 5,000 megawatts of electricity.

Source: Ronunomics

A good comic relief to start your day with proudly sponsored by APC.

For it to happen Nigeria would have to hand over anything that concerns economy management to the Igbos. Hand over anything that concerns leadership to the Yorubas. Hand over anything that concerns security to middle belt and south southerners and hand over anything that concerns Agriculture to northerners.

Nazaa:
What is the rank going to do for us?
Still nothing

It's a projection. Unfortunately some people are not happy with any positive news about Nigeria because their prefered candidate lost the election. That is witchcraft.

deji17:

It's a projection. Unfortunately some people are not happy with any positive news about Nigeria because their prefered candidate lost the election. That is witchcraft.

everything to you guys is election, thats how deluded you guys have become

hegelian:


everything to you guys is election, thats how deluded you guys have become

You don't need to get unnecessarily abusive or emotional about it. Ask yourself and be sincere, If Peter Obi were to be President today, and a foreign body writes this positive outlook about Nigeria economy, will you still have the same attitude and position on this? I don't need an answer, just provide the answer to yourself.

NEVER WITH THE LEVEL OF CORRUPTION WE HAVE IN NIGERIA.

This news won't generate any traffic for NL bcs majority of our IPOBidients that dominate this forum are only interested in badnews


At least,a good news for patriotic Nigerians

deji17:

You don't need to get unnecessarily abusive or emotional about it. Ask yourself and be sincere, If Peter Obi were to be President today, and a foreign body writes this positive outlook about Nigeria economy, will you still have the same attitude and position on this? I don't need an answer, just provide the answer to yourself.

.
Were you expecting the headless mobs to rejoice over projection like this when it's not a news about most terrorized country or most unliveable city projection


God news makes them sad while bad news is a source of excitement for them

deji17:

It's a projection. Unfortunately some people are not happy with any positive news about Nigeria because their prefered candidate lost the election. That is witchcraft.

Ola9ja23:
.
Were you expecting the headless mobs to rejoice over projection like this when it's not a news about most terrorized country or most unliveable city projection


God news makes them sad while bad news is a source of excitement for them

deji17:

It's a projection. Unfortunately some people are not happy with any positive news about Nigeria because their prefered candidate lost the election. That is witchcraft.

Clowns!!

Gullibility at it's peak!!

Why not include the source?

Una go just dey adulterate article.

Ola9ja23:
.
Were you expecting the headless mobs to rejoice over projection like this when it's not a news about most terrorized country or most unliveable city projection


God news makes them sad while bad news is a source of excitement for them

Too bad.

MasterJayJay:
You want to overtake USA, China, Japan, Germany and India with your paltry 5,000 megawatts of electricity.

The projection assumes that Nigeria will even exist in 50 years 😂😂 The chances of there being a Nigeria in 50 years are extremely slim. There’s no way the country is making it out of 2030s/40s yet alone in the 2070s. Many people internationally assumed that Africa might develop due to its high birth rates outstripping the rest of the world. This couldn’t be further from the truth. If Nigeria exists till 2070, It would have a population of 550 million. It can’t even manage the population it has now not to talk of 3 times that amount.

Mindlog:
Delusion is FREE.

Pessimism too is free!!!

One idiot will just wake up and start writing trash without source and the mods will just leave it

Ola9ja23:
This news won't generate any traffic for NL bcs majority of our IPOBidients that dominate this forum are only interested in badnews


At least,a good news for patriotic Nigerians

at least u acknowledge that these people are far more media and internet savvy than the rest.. Nairaland is just a subset of the whole cyberspace/internet

2075

Op how old will you be by then

Zombie clutching at straws
You go chop propaganda tire

StarRida:
One idiot will just wake up and start writing trash without source and the mods will just leave it

Usmanovic95:
A good comic relief to start your day with proudly sponsored by APC.

OkCornel:
Source: Ronunomics

MasterJayJay:
You want to overtake USA, China, Japan, Germany and India with your paltry 5,000 megawatts of electricity.

Nazaa:
What is the rank going to do for us?
Still nothing

IreneChidi:
Hahahahaha
shatap
Stop talking nonsense

SoNature:
This report is probably coming from The National Tribune, TVC or one of those pro-Tinubu dailies because even world rating organisations say that South African economy will surpass Nigeria's economy in the coming months.

Just tell IPOB cannibals that Nigeria is growing and you will see them crying upandan

The recent reports say " African population should reduce because we are useless, in fact the right word used was "deplorable" NIGERIA IS IN TRANCE. Do not allow your children from jss 1-ss3 to take vaccines at school , they are here again with their methods of population reduction.

Sladem05:


The projection assumes that Nigeria will even exist in 50 years 😂😂 The chances of there being a Nigeria in 50 years are extremely slim. There’s no way the country is making it out of 2030s/40s yet alone in the 2070s. Many people internationally assumed that Africa might develop due to its high birth rates outstripping the rest of the world. This couldn’t be further from the truth. If Nigeria exists till 2070, It would have a population of 550 million. It can’t even manage the population it has now not to talk of 3 times that amount.

shotuns:
The recent reports say " African population should reduce because we are useless, in fact the right word used was "deplorable" NIGERIA IS IN TRANCE. Do not allow your children from jss 1-ss3 to take vaccines at school , they are here again with their methods of population reduction.

It’s because they know that Africa can’t manage a population of a such a size. Africa can’t even take care of the population they have now. Yet they think they can handle 4-5 times that amount? 😂😂😂😂. What a joke.