This big news and big boast for Nigeria government which is led by President Ebele Jonathan, According to the latest statistics of economy ranking in African continent. Nigeria as overtake the dominance of South African, in economy growth for African continent for the past two decade now.
According to the latest statistic Nigeria recalculated economy is worth $510 billion, by overtaking the south African dominance of GDP of $353 billion, last year to become biggest and largest economy in African.
The new value of Nigeria’s GDP adds previously uncounted industries like telecommunications, information technology, music, airlines, burgeoning online retail outlets and Nollywood film production that didn’t exist when the last GDP count was made in 1990. Then, there were 300,000 landlines. Today, Nigeria has 100 million cell phone users.
The ironic part of this latest ranking is that about 70 per cent of Nigeria citizen are living below $1 per day in unqualified poverty.