April 10, 2014
Nigeria: Africa's New Number One
The Economist, The Economist
The Associated Press
HEY PRESTO: as if by magic, Nigeria has declared itself the biggest economy in Africa. Overnight, with the wave of a statistical wand, it has added 89% to its GDP, now worth $510 billion, and soared past the previous leader, South Africa, worth $370 billion. Nothing has changed in Nigeria’s real economy, except the way it is measured. Yet the magic matters.
TAGGED: Africa, Nigeria