Nigeria Is Africa's Largest Economy

SW9 Gangster SW9

SW9 Gangster SW9

Member
Nigeria became africa's largest economy in 2013, ahead of South Africa, the country that most people think is the largest economy in africa.

Nigeria has been consistently producing annual GDP's yearly of over $400 Billion in GDP in africa.

Nigeria became africa's largest economy in 2013, and it was a west african country, that was africa's largest economy not South Africa.

Much of the reason for Nigeria being one of the largest economies in Africa, is because it's high performing oil resources industry.

Countries like South Africa and Egypt also perform well economically annually.

Nigeria is africa's largest economy, however the performance of africa's economy's is less reported on, than other economy's worldwide.

Nigeria has been africa's largest economy since 2013, and in 2023, Nigeria was africa's largest economy, with a GDP of $477.38 Billion.

Nigeria is also a fast growing economy, and as africa continues to improve in the modern economic era, there is alot of space for Nigeria to improve and to compete with other economies wordwide.

Nigeria is very well known for it's Oil resource sector, and someone new to africa economically should read the articles and understand that investing in Nigerian oil, would be an excellent mode of profit in this emerging worldwide economy.

GDP for 2013 totalled 80.3 trillion naira (£307.6bn: $509.9bn), the Nigerian statistics office said.
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www.bbc.com

Nigeria becomes Africa's biggest economy

Nigeria "rebases" its gross domestic product (GDP) data, which pushes it above South Africa as the continent's biggest economy.
www.bbc.com www.bbc.com

It is Nigeria, a country in West Africa, which stands out as the most powerful economy on the continent. With a GDP estimated at $477 billion in 2022, Nigeria is at the top of the ranking of the richest African countries, ahead of Egypt and South Africa.
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The country should even see its wealth grow and reach a GDP of 915 billion dollars in 2028. It would thus widen the gap with Egypt, the second economic power in Africa.
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www.africanews.com

Here are the richest countries in Africa | Africanews

According to IMF growth projections, this ranking should not experience any upheaval in the years to come.
www.africanews.com www.africanews.com

The giant of Africa, as it is mostly referred to, accounted for 17.4% of the African economy in the review year ($2.7 trillion).
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nairametrics.com

Nigeria maintains largest African economy for fifth year in a row

Nigeria remains the largest African economy with a nominal GDP of $477.4 billion. The top three economies accounted for 49.5%
nairametrics.com nairametrics.com

Nigeria
Nigeria has Africa’s largest economy, with a GDP of $477.38 billion in 2023. Nigeria is a big oil producer with a population of more than 225 million people. Its economy is mostly driven by oil exports, rendering it sensitive to global oil price changes. Despite this, Nigeria has a booming services industry, a young population, and diversification possibilities.
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businessday.ng

Africa's powerhouses: 10 largest economies on the continent in 2023 - Businessday NG

Africa will be at a crossroads of economic transformation in 2023, with the continent's ten major economies serving as significant drivers...
businessday.ng businessday.ng

NIGERIA
 
SW9 Gangster SW9

SW9 Gangster SW9

Member
Nigeria is in the business of extracting crude oil from the country's resources. To sell millions of crude oil barrells worldwide.
The fact that they are involved in the lucrative Oil resource selling business. Something to be commended on.
 
DLaurent

DLaurent

Well-known member
I used to read Nairaland Forum occasionally. Seemed to me that the Yoruba 'economy' is one of the most successful or is that a misconception?
 
sufi

sufi

lala
spot on about the Nigeria economy tho
image
 
sufi

sufi

lala
according to the ai

The name "Alkebulan" is often cited as one of the oldest names for the African continent, and it is said to have origins in indigenous languages. However, concrete historical references and primary sources for the use of "Alkebulan" are sparse and not well-documented in ancient texts. The term has gained popularity in recent times, particularly within Pan-Africanist movements and among those seeking to emphasize a pre-colonial identity for the continent.

Here are some points regarding the name "Alkebulan":

  1. Modern Usage and Popularization:
    • "Alkebulan" has been popularized in contemporary discussions about Africa's history and identity. It is frequently mentioned in Pan-Africanist literature and online forums dedicated to African history and culture.
  2. Claims of Arabic and Berber Origins:
    • Some proponents suggest that the name has roots in Arabic and Berber languages, translating to "Mother of Mankind" or "Garden of Eden." However, these claims are not supported by substantial linguistic evidence from historical texts.
  3. Lack of Ancient References:
    • Unlike names such as "Libya," "Ethiopia," and "Africa," which are well-documented in ancient Greek, Roman, and Arabic sources, "Alkebulan" does not appear in classical historical records or ancient manuscripts that have been widely recognized or studied by historians.
  4. Cultural Significance:
    • Despite the lack of historical documentation, the name "Alkebulan" holds cultural significance for many people of African descent. It is seen as a symbol of a unified African identity and a connection to an indigenous, pre-colonial past.
In summary, while "Alkebulan" is a name that resonates with cultural and symbolic meaning, particularly in modern contexts, its historical origins and references are not well-documented in ancient sources. The name's significance lies more in its contemporary use and the values it represents rather than verifiable historical usage.
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so that's fair enough, i wonder where the name actually came from
 
sufi

sufi

lala
sufi said:
according to the ai


so that's fair enough, i wonder where the name actually came from
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ibw21.org

The significance of the late Black Egyptologist Dr. Yosef A. A. Ben Jochannan

By Bashir Muhammad Akinyele — As I embark on my very first educational tour of Kemet (Egypt). I am overwhelmed with emotions. I understand that I will now become a part of an exclusive list of activist intellectuals fighting to rescue, reclaim, and restore Kemet to Afrikan people.
ibw21.org ibw21.org
During his career in the 1980s, Dr. Ben’s was well known for leading guided tours to Kemet and the Nile Valley Civilizations (Nubia, Sudan, Ethiopia). His tours were 15-day trips in Afrika. They were called “Dr. Ben’s Alkebu-Lan Educational Tours.” According to Dr. Ben’s research, Alkebulan was an ancient name for Afrika.
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sufi

sufi

lala
and according to
theafricanhistory.com

The ancient name for Africa was “Alkebulan” meaning “mother of mankind” | The African History

The name Africa is a phenomenon. Home to 1.216 billion people, the world’s second-largest population and 2nd largest continent after
theafricanhistory.com theafricanhistory.com
In Kemetic History of Afrika, Dr cheikh Anah Diop writes, “The ancient name of Africa was Alkebulan. Alkebu-lan “mother of mankind” or “garden of Eden”.” Alkebulan is the oldest and the only word of indigenous origin
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