He is not here; for He is risen, as He said.- Matthew 28: 6, Holy Bible (New King James Version).
And ye shall know the truth, and the truth shall make you free.
~ John 8:32 (King James Version)
"Nigeria has moved to be the largest economy by GDP size in Africa and has moved to be the 26th largest economy in the world," finance minister Ngozi Okonjo-Iweala said.~ The Telegraph of UK.
"On a per capita basis, Nigeria is number 121 in the world. So, we have a total GDP size where we have moved up to 26th," the former World Bank managing director added.
The widely expected results are based on calculations taking into account a range of new sectors and industries that were negligible or non-existent in 1990.
They include the mobile telephones market - Africa's largest - music and the hugely popular local film industry, Nollywood.
After a half-decade effort aimed at better capturing economic activity, Nigeria has announced that gross domestic product in 2013 was $510 billion – some 89% larger than previously estimated. In its new guise, service industries now make up more than half the Nigerian economy, versus less than a third previously. The Nollywood film industry alone has emerged to contribute 1.2% of GDP, Renaissance Capital says.
Wall Street Journal: Nigeria’s Nollywood Boost.
Nollywood helps Nigeria double its GDP"If you're not in Nigeria, you're not in Africa. And you're kidding yourself." Nigerian Finance Minister Ngozi Okonjo-Iweala said at a press conference on Sunday.
Monday, 7 Apr 2014 | 4:18 AM ET