In a noteworthy development, Nigeria has solidified its status as the continent’s economic powerhouse. The country boasts a staggering GDP estimated at $477bn in 2022, placing it firmly at the pinnacle of Africa’s wealthiest nations, surpassing both Egypt and South Africa. According to growth projections from the IMF, Nigeria’s economic supremacy is poised to endure in the foreseeable future. With a population exceeding 200 million, Nigeria, already the most populous nation in Africa, is anticipated to maintain its leading economic position for an extended period. Projections indicate that Nigeria’s economic…
Read MoreIMF Upscales Nigeria’s Ratings, Says Country Africa’s Economic Powerhouse
