Tuesday, October 22, 2013

New data indicates that Nigeria to overtake South Africa sooner as Africa's biggest economy

South Africa is about to be seriously upstaged on the African continent. For several years economists have been waiting for a promised revision to Nigeria’s economic data that is expected to lift the economy to an entirely new level. The moment of truth is about to arrive.

Citi’s Africa economist, David Cowan, said last week that new figures due in December could boost Nigeria’s gross domestic product (GDP) by up to 50 percent.

Based on the current data, Nigeria is Africa’s

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