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Nairaland Forum / Nairaland / General / Politics / Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC (42742 Views)
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Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by MrAJQ(m): 11:42am On Feb 20, 2019 |
Nigeria currently leads as the top economy on the continent with a 1.9 per cent increase. Nigeria has the biggest economy in Africa according to PwC Nigeria has the biggest economy in Africa according to PwC PricewaterhouseCoopers has revealed the seven biggest economies in Africa right now. The firm's report, ‘Nigeria Economic Outlook - Top 10 themes for 2019,’ was released on February 18, 2019. According to the data provided by the professional services firm, Nigeria has the biggest economy on the continent, followed by Egypt and South Africa. Here are the 7 biggest economies in Africa right now, ranked in descending order of wealth: Nigeria Nigeria comes in at number one with a GDP of $1.121 trillion. Manufacturing, financial, service, communications, technology, entertainment, agriculture and oil sectors all contribute to the country's economy. More money is coming into the Nigerian economy More money is coming into the Nigerian economy More money is coming into the Nigerian economy Egypt GDP - $1.13 trillion. Sectors like tourism, gas, telecom and construction play major roles in Egypt's economy. The World Bank (WB) predicts that the country's economy will increase by 5.7% in 2019. ALSO READ: Here is a list of the 10 biggest African economies in 2018 South Africa GDP - $765.5 billion. Tourism is a major revenue generating industry. PwC's Nigeria Economic Outlook - Top 10 themes for 2019 PwC's Nigeria Economic Outlook - Top 10 themes for 2019 PwC's Nigeria Economic Outlook - Top 10 themes for 2019 Algeria GDP -$630.5 billion. The non-hydrocarbon sector (petroleum and natural gas) is the major contributor to the country’s economy. Ethiopia GDP -$199.3 billion. The services and agriculture sectors contribute heavily to the country's economy. Angola GDP - $197.9 billion. The country's economy relies heavily on the oil sector in addition to the manufacturing, agricultural, transport and fisheries sectors. Angolan 500 Kwanza note Angolan 500 Kwanza note Angolan 500 Kwanza note Still, Focus Economics, a major provider of economic analysis and forecasts for 130 countries, predicts a 1.3% increase in 2019. Kenya Last on the list is Kenya with a GDP of $163.3 billion. Major industries include financial, agriculture, tourism, mining and minerals. https://www.pulse.ng/bi/finance/here-are-the-7-biggest-economies-in-africa-right-now/8njsqgb 46 Likes 7 Shares
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Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by MrAJQ(m): 11:42am On Feb 20, 2019 |
This will break heart of the children of hate, the people that hate good news, they hate the little the poor are getting from the government. They hate Tradermoni They hate school feeding program They hate Npower They hate farmers anchor borrowers They hate success achieved against Boko Haram They hate success achieved in rice They hate success achieved against corruption They hate fight against ballot box snatchers They hate to hear farmers-herdsmen truce They hate one Nigeria We the good people of Nigeria will show them hate on Saturday. 528 Likes 65 Shares |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by festacman(m): 11:44am On Feb 20, 2019 |
This is the result of some hard but patriotic decisions that may be unpopular but are necessary for real and sustainable economic growth. For several years we are used to an economy that is driven largely by importation and 'money is flowing' handouts from corrupt politicians. It pushed us into a comfort zone that has done little to encourage production. This piece of good news means we are going somewhere. Next Level will certainly bring more good news. But it all depend on majority of Nigerians come this Saturday. Don't vote emotionally. Vote for necessary hard decisions that other countries had taken long ago but which we keep postponing because of accompanying pains. Vote wisely. 267 Likes 28 Shares |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by tayebest(m): 11:44am On Feb 20, 2019 |
God bless Nigeria ![]() Sai mai gaskiya 4 + 4 to next level is assured.... 238 Likes 22 Shares
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Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Nobody: 11:45am On Feb 20, 2019 |
Lolzzzzzzzzzzzzzzzzzzzz Eze mentus nwa mbonu come and see ooo Don megwus and associates come and see... 12 Likes 2 Shares |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by mycar: 11:45am On Feb 20, 2019 |
Checking BBC website Fake news spotted, edited bbc screenshot. just like scam emails, they will always make a mistake, going by the write up if it is something to go by, **Nigeria comes in at number one with a GDP of $1.121 trillion** No projection from the world bank. And ** Egypt is second with GDP - $1.13 trillion**. The World Bank (WB) predicts that the country's economy will increase by 5.7% in 2019. So, when has 1.121 become bigger than 1.13? I see fools everywhere! Just create a blog site, type rubbish there, create a thread and the moderator will send it to the front page twice with the speed of light but that of a sensible thread,No, he will close the thread and refer you to another closed thread. You end up going in circles in other to contribute For the mathematically confused zombies, just use your phone calculator and do 1.13 minus 1.121. the answer you will get will atikulate you on saturday philfearon:Zombie spotted He does not know that 0.13 is bigger than 0.121, He is the type that will tell you that 0.13 is different from 0.130000000000 275 Likes 34 Shares |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by LuciferReverend: 11:45am On Feb 20, 2019 |
Buhari's impending defeat & subsequent retirement has boosted Nigeria's economy. Investors are ready to come in now. This is good. 114 Likes 12 Shares |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by modath(f): 11:46am On Feb 20, 2019 |
Ok |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by kernel001: 11:48am On Feb 20, 2019 |
This story is false, there's nothing like that on BBC Africa. Check the details of the news on their website. https://www.bbc.com/news/world/africa 46 Likes 3 Shares
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Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Salvador1: 11:49am On Feb 20, 2019 |
Are you in Lagos or you have people in Lagos that want to vote in Anambra state on Saturday? There are free buses on Thursday and Friday. Send your name and phone number by SMS or WhatsApp only, to 0708 389 0884. You must show your PVC before boarding. Vote for PDP for good governance. Please circulate 36 Likes 1 Share |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Salvador1: 11:50am On Feb 20, 2019 |
Election gimmicks We have decided to vote atiku AGUERO abubakar 39 Likes 1 Share |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by tayebest(m): 11:50am On Feb 20, 2019 |
wailers mood right now! ![]() ![]() ![]() ![]() 23 Likes 5 Shares
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Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by StillX10(m): 11:50am On Feb 20, 2019 |
All these do not reflect on the life of a common man 6 Likes 1 Share |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by shachris05: 11:51am On Feb 20, 2019 |
We were the largest in 2014 and had potential to grow even more. Here is an aljazeera link showing this. https://www.aljazeera.com/news/africa/2014/04/nigeria-becomes-africa-largest-economy-20144618190520102.html Buhari worst thing that happened to Nigeria. 40 Likes 5 Shares |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by haffaze777(m): 11:52am On Feb 20, 2019 |
[s] Salvador1:[/s] 19 Likes 3 Shares |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Nobody: 11:52am On Feb 20, 2019 |
Wao ..we are now over $1 trillion Good news 4 Likes 1 Share |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by textilemania(m): 11:55am On Feb 20, 2019 |
[s] Salvador1:[/s] This one is already pained of hearing another good news! ![]() ![]() ![]() 20 Likes 5 Shares |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Racoon(m): 11:56am On Feb 20, 2019 |
As if this translate to practical reality of the startling reality on ground.All the dying minute media propaganda stunt by the moribund government. Meanwhile; 15 Likes 2 Shares
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Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Nobody: 11:56am On Feb 20, 2019 |
shachris05:But we have double the GDP since then. During Rebasing in 2014 it was $550b but it is now over $1 trillion going by this report. That is monumental progress 29 Likes 3 Shares |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Salvador1: 11:56am On Feb 20, 2019 |
textilemania:i guess you are the pained one 20 Likes
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Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by PresidentAtiku(m): 11:57am On Feb 20, 2019 |
Hahahahahah.. OP you get mind o! Is it not funny to you? With Rice @ 18k? That means other African countries are in deeper suffering ![]() 7 Likes |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Salvador1: 11:57am On Feb 20, 2019 |
haffaze777:dont commit suicide oo |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by shachris05: 11:58am On Feb 20, 2019 |
myboy2111: You and your fake reports. Here is our GDP statistics. https://tradingeconomics.com/nigeria/gdp 20 Likes 3 Shares
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Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by textilemania(m): 11:59am On Feb 20, 2019 |
2 Likes
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Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by okwabayi(m): 11:59am On Feb 20, 2019 |
...but what does this mean to the masses apart from bragging rights? 4 Likes 2 Shares |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by positivelord: 11:59am On Feb 20, 2019 |
hahaha |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by michoim(m): 11:59am On Feb 20, 2019 |
God bless PMB!!!Vote APC FOREVER 17 Likes 3 Shares |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by danot1030: 12:00pm On Feb 20, 2019 |
I expect the atikulooters and the children of hates to call this APC sponsored news 9 Likes 4 Shares |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by Nobody: 12:00pm On Feb 20, 2019 |
Also report that Nigeria is times 4 the population size of SA, so stop busting your bubbles of biggest economy my foot. Imagine if SA has half of the Nigerian Population, Nigeria will look like a province to them. They have major investments in Nigeria, what business can Nigeria boast of in SA...? Nigerians are always quick to compare to console ourselves yet we are dying in poverty 13 Likes |
Re: Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC by senatepresido: 12:00pm On Feb 20, 2019 |
lie 3 Likes |
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