modath:
All these statistics that don't reflect the reality of the citizens day to day existence are just tiring...


22nd Largest economy & youths by their 22nd bithdays are still begging parents & older relatives for small change to recharge their phones!!!! Issokay!!

johnydon22:


You can never hope to Jump from where you were to where China or U.S is now in a day..

What was U.S.A doing 60 years after their independence, they were still busy killing each other fighting a civil war over who needs slaves and who don't.. Now they are here after more than 250 years of independence.. 70 years ago 80% of Nigeria still have no idea what really a car is..

Nigeria can never jump to the level of U.S and China in a day, we are barely in our 50s after independence, development is a slow but consistent process that achieves desired results with time..

we only need leaders that care ..

menesheh:
NIGERIA has been adjudged the world's 22nd largest economy with an annual growth rate of 5% during the course of 2015 according to the latest survey of the planet's wealthiest countries the International Monetary Fund (IMF).

According to the figures published yesterday, Nigeria's gross domestic product (GDP) is set to total $1.105trn in 2015, representing a 5% growth from last year. Despite global crude oil prices falling by about three quarters over the last year, Nigeria has defied the negative growth that afflicted several crude-producing countries.

Of the world's 30 largest economies countries examined in the survey, oil producers like Brazil and Russia suffered declines in GDP. Africa's two other economies on the list Egypt and South Africa, who were ranked 24th and 30th respectively, enjoyed GDP growth rates of 5.2% and 2.4% respectively.

In terms of growth, Nigeria, was also the sixth highest achiever as only China, India, Egypt, Pakistan and the Philippines recorded higher GDP growth. Other key features of the survey was that China overtook the US as the world's largest economy with a GDP of $19.51trn, India moved into third place thanks to its 8.3% growth rate that bumped GDP up to $8.02trn and Egypt overtook South Africa as Africa's second largest economy.

Over the last 15 years, Nigeria has enjoyed annual GDP growth rates of about 7% but with crude oil prices falling to about $40 a barrel from over $100 a barrel, it is no surprise that growth has slowed. Despite this, the economy continues to diversify and the country remains on course to achieve its goal of becoming one of the world's top 20 economies by 2020.

International Monetary Fund statistics at October 2015

1. China: US$19.510 trillion (up 7.9% from 2014)
2. United States: $17.968 trillion (up 3.6%)
3. India: $8.027 trillion (up 8.3%)
4. Japan: $4.842 trillion (up 1.6%)
5. Germany: $3.842 trillion (up 2.5%)
6. Russia: $3.474 trillion (down -2.9%)
7. Brazil: $3.208 trillion (down -2.1%)
8. Indonesia: $2.839 trillion (up 5.7%)
9. United Kingdom: $2.660 trillion (up 3.5%)
10. France: $2.647 trillion (up 2.2%)
11. Mexico: $2.220 trillion (up 3.3%)
12. Italy: $2.174 trillion (up 1.8%)
13. South Korea: $1.849 trillion (up 3.7%)
14. Saudi Arabia: $1.681 trillion (up 4.4%)
15. Spain: $1.636 trillion (up 4.1%)
16. Canada: $1.628 trillion (up 2%)
17. Turkey: $1.576 trillion (up 4.1%)
18. Iran: $1.382 trillion (up 1.8%)
19. Australia: $1.137 trillion (up 3.4%)
20. Taiwan: $1.114 trillion (up 3.2%)
21. Thailand: $1.107 trillion (up 3.5%)
22. Nigeria: $1.105 trillion (up 5%)
23. Poland: $1.003 trillion (up 4.5%)
24. Egypt: $996 billion (up 5.2%)
26. Pakistan: $930.8 billion (up 5.3%)
27. Netherlands: $831.4 billion (up 2.8%)
28. Malaysia: $813.5 billion (up 5.7%)
29. Philippines: $742.3 billion (up 7%)
30. South Africa: $724 billion (up 2.4%)

-International Monetary Fund's World Economic Outlook database.


- See more at: http://www.nigerianwatch.com/news/8271-latest-imf-figures-show-nieria-as-worlds-22nd-largest-economy-with-gdp-jof-11trn

Caliph69:
If Nigeria's economy is bigger than that of UAE, why are the two nations a world apart?

Promhize:


And Ngozi Okonjo Iweala's brilliance

Kyase:

Shatap if the news was "Nigeria drop to 35" would you say its Gej's legacy?
Baba carry go.

johnydon22:


Even China and U.s the largest economies still have unemployed, homeless people, poor people and what have you... not only in Nigeria.

menesheh:


Nigeria have outgrown this sort of person as a president. It is demeaning and belittling.

musicwriter:
Why not!. Nigeria have the potential to rule the world, if we try. This's why I get annoyed when the politicians tell us Nigeria is a poor country.

How could Nigeria be a poor country?. We have just about the same population as Japan. But, we're more endowed naturally than Japan.

Therefore, if Japan could be the second or third largest economy, nothing stops Nigeria being the world's largest economy.

All we need is revolutionize our system of education and embrace science.

coolbis:
u must be a prophet, you took the words from my mouth. The wailers are so ludicrous that you wonder if they actually think at all. Trust if the news was a negative1 , they(the wailers) would have celebrated it, not knowing they actually created the problem and expect a magician to fix it in 6 months. Check out the economic indices for 3rd Q, u realise more jobs are now being created in the informal sector, very few white colar job. This is exactly wht we want to see in the coming years.

kozmokaz:
gej legacy remains

baralatie:

God bless everyone,presidents,citizens who have worked to make Nigeria proud!
This comments is for PMB and the APC to key into the numerous achievements Nigeria has achieved and stopand its propaganda campaign.
This is the summary about Nigeria that puts it on the Global stage!



"Over the last 15 years, Nigeria has enjoyed annual GDP growth rates of about 7% but with crude oil prices falling to about $40 a barrel from over $100 a barrel, it is no surprise that growth has slowed. Despite this, the economy continues to diversify and the country remains on course to achieve its goal of becoming one of the world's top 20 economies by 2020."




God bless Gej for his efforts and God Give PMB wisdom to key into this vision .
God bless Nigeria.

ThisMeansWars:
So Nigeria is now a trillion dollars economy ? Niceeeeeeee

Promhize:


And Ngozi Okonjo Iweala's brilliance

menesheh:
GEJ handwork.


lalastica

johnydon22:


Forget the emotional attachment here, We all know the line between Goodluck's achievements with that of Buhari for now this government is still a bit young.

Give your baba few more years and we will check Nigeria's position in the World economy list then you can know if you will shout baba carry go..

for now don't give another man's credit to another because you are emotionally attached to one.

This is glaringly Goodluck's handwork. . . Say other wise betrays a lot of naivety and blind sentiment

menesheh:
GEJ handwork.


lalastica