August 19, 2016

Nigeria Will Rise Again and Become Africa's Largest Economy

Despite the current challenges, the Federal Government has said that the country would soon bounce back as the largest economy, a position that was snatched by South Africa recently.

Using the Gross Domestic Product at the end of 2015, published by the International Monetary Fund, the size of South Africa’s economy was $301bn, while Nigeria’s GDP was $296bn.

Minister of Budget & National Planning, Senator Udo Udoma, while speaking shortly after receiving the report of the three-day pre-summit workshop from the Infrastructure Public Private Partnership Summit Group, said the country would bounce back in no distant time.

Udoma called on Nigerians to stop bemoaning the lost glory but rather put hands on deck to support the government in achieving economic development.
He said, “We are determined to turn this economy around and stimulate private sector investments. Losing our position as the biggest economy in Africa should in some way inspire us to work even harder. Sometimes when you are number two, you are actually more motivated to work hard and we should see it as something that should motivate all of us to work harder.”

9 comments:

Sylvester Ikpotokin said...

South Africa is a mega country with electricity and roads. So you can never compare south Africa with nigeria. Nigeria is too backward for south Africa.

Jeff Kingsley Jr said...

Amen ooo

Kay Heavy said...

We shall get there

Hassan Aderemi said...

All hands must be on deck to make Nigeria great again.

Harbolarkale Niyi said...

Seriously, PMB and his must work round the table to make Nigeria a hub of Africa economy

samaila sulaiman said...

Amen

Akinkunmi Akinpelu said...

Many thanks Mr. Ikpotokin. Udo Udoma, should compare like with like. South Africa generates and supplies 35,000 megawatts of electricity to its cities and slums. Nigeria struggles to provide 2,000 megawatts for nearly 200 million people. Please be real Mr. Udo udoma!

SPACO said...

Amen i believe that.

inumidun said...

We pray..