Despite Recession, Nigeria Overtakes South Africa As Africa’s Biggest Economy [SEE DETAILS]

A new report from the International Monetary Fund (IMF) has projected Nigeria as Africa’s biggest economy, in spite of its current chall...

A new report from the International Monetary Fund (IMF) has projected Nigeria as Africa’s biggest economy, in spite of its current challenges.


Nigeria is placed ahead of South Africa and Egypt which are second and third respectively.
In August, Nigeria was reported to have lost its position as Africa’s biggest economy to South Africa, following the recalculation of the country’s Gross Domestic Product (GDP).
But the IMF’s World Economic Outlook for October, puts Nigeria’s GDP at 415.08 billion dollars, from 493.83 billion dollars in 2015, while South Africa’s GDP was put at 280.36 billion dollars, from 314.73 billion dollars in 2015.
According to the report, Egypt’s 2016 data is not available, but its 2015 size remained at 330.159 dollars while that of Algeria, one of the largest economies on the continent, is put at 168.318 billion dollars.

The United States, China and Japan maintain their spots as the largest economies in the world, ahead of Germany, United Kingdom and France.
According to a review in September, the current economic recession will outlast 2016, with a Gross Domestic Product (GDP) contraction of 1.7 per cent.
The IMF had predicted that Nigeria’s economy would grow away from a recession in 2017.
The country last witnessed a recession, for less than a year, in 1991, and experienced a prolonged one that started in 1982 and lasted until 1984.
President Muhammadu Buhari’s administration has so far disbursed over N700 billion in capital expenditure this year, part of a record N6.06 trillion (30 billion dollars) budget for 2016.

NAN

COMMENTS

Name

2Face,1,9Mobile,1,Abia,11,ABU Zaria,3,Abubakar Tsav,2,Abuja,2,Abuja Traders,1,ACTOR,31,Actress,92,Adele,1,ADPA,1,Adultery,1,Africa,219,Airtel,1,Aisha Buhari,12,Akume,7,Akwa Ibom,1,Amazing,283,ambode,19,Amnesty,5,AMVCA,1,Anambra,12,Angela Okorie,1,Anna Banner,2,APC,114,appoinment,1,AREWA,3,Arsenal,2,Aruna Quadri,1,Aso Rock,1,ASUU,2,Atiku Abubakar,36,Audu Ogbe,2,Babangida,1,Bad Girl,15,Bad Girl RIRI,1,Bad Girls,2,Bad Guy,8,Bad Guys,7,Banks,5,Barack Obama,8,Bayelsa,7,BBA Naija,25,BBNAIJA,75,Beautiful Woman,92,Beautiful Women,29,Beauty Queen,40,Beauty Queens,5,Benson Abounu,5,Benue,1347,Benue Assembly,14,Benue breaking news,70,Benue gist,119,BENUE NEWS,235,Benue Pensioners,1,Benue Police,4,Benue Tax,5,Benue Wife,1,Beyonce,37,Biafra,66,Bill Gates,3,BIRS,2,Bishop Usuh,1,Bizarre,3,Blue Ivy,4,Boko Haram,87,Bola Tinubu,20,Book Lunch,1,breaki,4,breaking news,68,British prime minister,1,BSTH,1,BSU,9,bury,1,Business,449,Business man,52,Businesse,1,BusinessWoman,2,CAF,1,Cargo Airport,7,CBN,13,CBN Monetary policy,12,Celebrity,256,Celebrity News,718,Charity,7,Charity Foundation,5,Cheating Partner,2,Chibok Girls,24,Chimamanda Adichie,1,China,7,China Flood,1,Christians,1,Contract scam,6,Corpers,23,corr,1,Corrupt Nigerians,44,Corruption,180,Corruption Trial,188,Cossy Orjiafor,6,Crime,388,Crimes,284,Criminal,22,Criminals,63,Crisis,14,Cristiano Ronaldo,23,cultist,8,Culture,151,Customs,8,Cute Kids,1,Dambazau,1,Dangote,16,Dasukigate,3,David Mark,13,Desmond Elliot,1,Diaspora,1,Dino Melaye,84,Disabled,1,Disaster,5,Disaster.Accident,9,Discoveries,1,Doctors,1,Documents,2,Dogara,22,Domestic Violence,21,Donald Trump,96,Dora Akunyili,1,Drama Queen,1,Drug Abuse,12,Drunk,1,DSS,14,DSTV,2,Ebonyi,1,ECC,1,Edo,14,Edo Decide,13,Edo Polls,26,Education,298,efcc,76,Ekiti,6,Ekweremadu,8,El Rufai,3,El Rufai,48,El-Rufai,5,Elections,7,electrocuted,1,Emir Of Kano,19,Entertainment,2082,enugu,6,Etisalat,6,EVANS,2,Event,34,Events,364,Exchange Rate,21,Facebook,5,Fake Products,1,Fani kayode,33,Fashion,303,Fashola,2,Father Mbaka,14,Fayose,37,FBI,2,FEC,1,Federal Government,34,Fela,3,Female entrepreneur,2,FIFA President,4,FIRS,1,Flood,1,For Tiv,1,Forgery Suit,1,France,7,Fraud,135,Fraud Alert,30,Fulani vs Farmers crisis,61,Fulani vs Farmers crisis Metro,1,Fun,1,Funke Akindele,20,Gambia,1,Games,1,Gay Marriage,18,GEJ,45,Genevieve Nnaji,5,George Akume,10,Germany,1,Ghana,20,Gist,113,Glo Network,2,Godwin Emefiele,2,Goodluck Jonathan,37,Gospel,6,Gosple,4,Gossip,147,Gossips,2135,Governor Fayose,40,Governor Ikpeazu,3,Graphic Designs,6,guest house,1,Halloween,2,Health,58,Health Issues,120,Health Tips,22,HERO,2,Hilary Clinton,27,History,28,hiv,12,Hot Giat,1,Hot Gist,161,Hot Gossips,100,Hot Papi,2,HRM James Ayatse,9,Human Rights,2,IBB,13,Ibrahim Babangida,2,idoma,3,Idoma Day,2,IDP Camp,1,Igbana,1,Igbo,44,Igede Nation,3,Ikyebe,1,ILE IFE,3,Imo State,11,Incest,1,INEC,21,Infidelity,11,Ini Edo,1,Internet Abuse,1,Interview,1,Interviews,76,Islam,14,Ivanka Trump,5,JAMB,20,Jay Jay Okocha,3,Jay Z,11,Jega,1,Jenifer Lopez,2,Jibrin,17,Jide Kosoko,1,Jobs,40,Joe Biden,1,John Dumelo,2,Jokes,14,Jungle Justice,5,Kaduna,52,Kano State,12,Kanye West,5,Kardashian,13,Kardashians,55,Kenya,4,Kidnapper,33,Kidnappers,12,Kim Kardashian,39,Kogi,40,Kwara State,3,Lagos Monarch,8,lagos state,83,Lagos Varsity,4,Land dispute,1,Lassa Fever,2,Latest,10,Latest New,1324,Latest News,3601,Latest News National,1,Legend,29,Legendary,19,Libel Suit,1,Lifestyle,515,Linda Ikeji,11,Lindsay Lohan,2,Lord Terfa Jirgba,2,Louisiana Flood,1,Love,103,Love&Hate,6,Magic Johnson,4,Majid,1,Mariah Carey,19,Marriage,6,Maternty Photoshoot,1,Melanie Trump,3,Mercy Iyortyer,1,Merkel,1,MET Gala,2,Metro,32,Michael,1,Michael Jackson,4,Micheal Jackson,6,Michelle Obama,18,Middlebelt,1,Mikel Obi,17,Militants,12,Military,3,Millitants,4,Mimiko,8,mini,1,Minister,9,MMM,11,Model,12,Models,3,Monarch,1,Most beautiful girls in Nigeria,1,Mothers Day,1,Movies,32,Mr World,2,Mrs Aisha Buhari,46,Mrs Eunic Ortom,4,Mrs Eunice Ortom,4,Mrs Osinbajo,6,MTN,2,Murder,60,Music,139,N-power,6,NABTEB,1,Naira Exchange Rate,26,Nasarawa,3,NASS,15,Nass Scandal,33,National,3033,National Assembly,22,Natural Disasters,6,Navy,3,NBA,1,NCC,1,NFF,1,Ngozi Iweala,4,NIA,4,Nicki Minaj,2,Niger Delta,29,Nigerai,1,Nigeria,407,Nigeria News,788,Nigeria's Economy,20,Nigerian Army,39,Nigerian Banks,9,Nigerian Governors,7,Nigerian Job,7,Nigerian Jobs,118,Nigerian Judge,13,Nigerian Judges,3,Nigerian Lawmakers,18,Nigerian Lawyers,22,Nigerian News,66,Nigerian police,42,Nigerian Senate,154,Nigerian Soldiers,53,NIMC,1,NIS,1,NLC,3,NNPC,2,Nollywood,6,North,7,Notorious Armed Robber,5,Notorious Armed Robbers,2,Nuhu Ribadu,2,NYSC,21,OAU,2,OBA,2,Obanikoro,10,Obasanjo,45,Oge Okoye,2,Ogun,3,Olympics,1,Omotola Jalade,7,Ondo,7,Ondo Polls,40,Oodudua,1,Ooni Of Ife,8,Opinion,161,Opinions,10,Ortom,75,Osinbajo,94,Osun State,23,Overweight,1,Oyo,6,PanamaPaper,1,Pastor E.A. Adeboye,3,Pastor Tunde Bakari,2,Paul Unongo,4,Paul Unongu,2,PaulEnenche,1,PDP,133,PDP Crisis,48,Police Brutality,1,Police Recruitment,5,Politician,102,Politicians,300,Politics,2681,Politics Osinbajo,6,Politics PDP,7,Politics.,377,Politics. Interviews,228,Pope,7,Power Supply,2,Pre-wedding photo,6,Predictions,1,Premier League,1,president,2,President Buhari,432,President Trump,16,Press Release,17,Princess Diana,1,Professor Stephen Onah,1,Prophesy,2,Prophet,3,prophetic,1,QueeDoosh.com,1,Queen Elizabeth II,2,R Kelly,4,Racism,3,rap,7,Rape,5,Rapper,10,Relationship,324,Relationship Tips,20,Religion,291,Rihanna,1,Rio Olympic,5,Rita Dominic,2,Rivers,73,Robert Mugabe,5,Rochas Okorocha,14,Romance,52,Royals,11,Rusia,2,Russia,1,Samsung,1,Samuel Ortom,110,sanitation,1,Saraki,84,Sasha Obama,3,Saudi Arabia,2,Scam,5,Scandal,29,Science,5,Senate,63,Sex & Relationship,290,Sex &Relationship,2,Sex Crime,24,Sex Education,2,sex offender,11,Sexy Mama,20,Sheriff,12,Sira Kante,1,Skills,1,Social Media,11,South Africa,18,Sport,551,Sports,387,SSG,1,Stephen Kershi,1,Style,29,Sucide,9,Suicide,8,Supermodel,12,Suswam,35,Tambuwal,1,Tanzania,1,Taraba State,2,Technology,13,Terkimbi Ikyange,2,Terrorism,77,Terrorist,110,Terwase Akwaza,15,The Voice UK,1,Theft,27,TIV,27,Tiv Culture,13,Tiv Tradition,34,Tiwa Savage,19,Toe Tiv,1,Toke Makinwa,14,Tompolo,2,Tone Makinwa,1,Tony Elumelu,1,Tor Tiv,33,Tor Tiv Stool,25,Tragedy,256,Tragedy Boko Haram,4,Tribunal,1,Tsunami,1,Turkey,1,UEFA,6,Ugbokolo Polytechnic,2,UK,26,UK Parliament,5,UN,1,UNILAG,3,US Election,41,USA,5,Usain Bolt,8,Violence,34,Visa,2,WAEC,4,War of Words,13,Wedding,4,Weird News,5,Wike,23,Wole Soyinka,10,World,6,World News,1186,Writer,10,Writer Opinion,19,Writers Opinion,22,WWE,1,yahoo,1,Yemisi Suswam,2,Yoruba,17,Yusuf,1,Zahra,30,Zimbabwe,1,
ltr
item
Queen Doosh : Despite Recession, Nigeria Overtakes South Africa As Africa’s Biggest Economy [SEE DETAILS]
Despite Recession, Nigeria Overtakes South Africa As Africa’s Biggest Economy [SEE DETAILS]
https://4.bp.blogspot.com/-JyayhebQec0/WAfDLtI90eI/AAAAAAAAUu0/WsJQ0eCdkj88kxCyANcXtsX6o7aKLpSJQCLcB/s1600/imf.jpg
https://4.bp.blogspot.com/-JyayhebQec0/WAfDLtI90eI/AAAAAAAAUu0/WsJQ0eCdkj88kxCyANcXtsX6o7aKLpSJQCLcB/s72-c/imf.jpg
Queen Doosh
http://www.queendoosh.info/2016/10/despite-recession-nigeria-overtakes.html
http://www.queendoosh.info/
http://www.queendoosh.info/
http://www.queendoosh.info/2016/10/despite-recession-nigeria-overtakes.html
true
7858411382873119497
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy