Nigeria will soon overtake South Africa as largest economy in Africa – FG

Nigeria has been holding the position until South
Africa displaced her.
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
The Minister of Budget and 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 all 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. Source, daily post