Business World Bank, IMF, AfDB endorse Nigeria's new GDP statistics- Xinhua

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The World Bank, International Monetary Fund (IMF) and African Development Bank (AfDB) have endorsed Nigeria's new Gross Domestic Product (GDP) of approximately 509.9 billion U.S. dollars released on Sunday and placing the West African country as the biggest economy in Africa, said an official who spoke for the three financial institutions.

According to the figures released by the National Bureau of Statistics after a rebasing, Nigeria surpassed South Africa with a 2013 rebased figure of 370 billion U.S. dollars, to emerge as Africa's biggest economy.

The new figures show that the biggest oil producer in Africa climbed to the 26th largest economy in the world.

Click source for more details: Xinhua

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