• We’ll make Akwa Ibom one of Africa’s largest economies – Udom assures

    We’ll make Akwa Ibom one of Africa’s largest economies – Udom assures

    Governor Udom Emmanuel of Akwa Ibom has said that his administration will work hard to industrialise the state, so as to boost earnings and improve the quality of life.

    Mr. Emmanuel said his dream was to make Akwa Ibom Nigeria’s largest economy, just as California is the United States of America’s biggest economy.

    “If the State of California which is a part of the Continental USA is the sixth largest economy in the world and where, as the saying goes ‘where California […]

  • Nigeria loses to South Africa as Africa’s largest economy

    Nigeria loses to South Africa as Africa’s largest economy

    More than two years after emerging the biggest economy in Africa, Nigeria has finally been dethroned by South Africa after its  economy regained the position in dollar terms with the value of their currencies moving in opposite directions.

    Using the Gross Domestic Product (GDP) at the end of 2015, published by the International Monetary Fund (IMF), the size of South Africa’s economy is $301 billion at the Rand’s current exchange rate, while Nigeria’s GDP is $296 billion. There after the rand […]