Warning: Declaration of subscribe2_widget::addPluginSubMenu() should be compatible with mijnpress_plugin_framework::addPluginSubMenu($title, $function, $file, $capability = 10, $where = 'plugins.ph...') in /home/customer/www/pridenigeria.com/public_html/wp-content/plugins/subscribe2-widget/subscribe2-widget.php on line 98

Warning: Declaration of subscribe2_widget::addPluginContent($links, $file) should be compatible with mijnpress_plugin_framework::addPluginContent($filename, $links, $file, $config_url = NULL) in /home/customer/www/pridenigeria.com/public_html/wp-content/plugins/subscribe2-widget/subscribe2-widget.php on line 107

Warning: Use of undefined constant WPLANG - assumed 'WPLANG' (this will throw an Error in a future version of PHP) in /home/customer/www/pridenigeria.com/public_html/wp-content/plugins/add-local-avatar/avatars.php on line 154

Warning: Cannot modify header information - headers already sent by (output started at /home/customer/www/pridenigeria.com/public_html/wp-content/plugins/subscribe2-widget/subscribe2-widget.php:18) in /home/customer/www/pridenigeria.com/public_html/wp-includes/functions.php on line 6828
The Economist: How Nigeria’s economy grew by 89% overnight – Pride Nigeria

The Economist: How Nigeria’s economy grew by 89% overnight

ON SATURDAY, April 5th, South Africa was Africa’s largest economy. The IMF put its GDP at $354 billion last year, well ahead of its closest rival for the crown, Nigeria. By Sunday afternoon that had changed. Nigeria’s statistician-general announced that his country’s GDP for 2013 had been revised from 42.4 trillion naira to 80.2 trillion naira ($509 billion). The estimated income of the average Nigerian went from less than $1,500 a year to $2,688 in a trice. How can an economy grow by almost 90% overnight?

Read the full story on the The Economist’s website by clicking here.

(Visited 112 times, 1 visits today)

About The Author

Kayode Kayode is a Creative Design Consultant and is the Editor of 'PRIDE NIGERIA'.

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.