5 May 2016

Nigeria Missing On List Of 10 Fastest Growing Economies In Africa {See Full List}

Shot
The International Monetary Fund, IMF, has released a list of the fastest growing economies in Africa and Nigeria is missing from the list.
In 2014 and early 2015, Nigeria was named the third fastest growing economy in the world by CNNMoney, with China and Qatar, taking the lead at 7.3 percent, 7.1 percent gross domestic product (GDP) growth.
But the country is nowhere to be found in the list of top 10 as the 2015 election uncertainty, crash in crude oil price, and prolonged revelation of policy direction by the newly-inaugurated Muhammadu Buhari-led government led to a 2.8 percent crash in Nigeria’s GDP for 2015.
However, For 2016, Nigeria is nowhere near the fastest growing economies in Africa.
Here is a list of the fastest growing economies in Africa.
1.) Cote d’Ivore 8.5%
2.) Tanzania 6.9%

3.) Senegal 6.6%
4.) Djibouti 6.5%
5.) Rwanda 6.3%
6.) Kenya 6.3%
7.) Mozambique 6.0%
8.) CAR 5.7%
9.) Sierra Leone 5.3%
10.) Uganda 5.3%

No comments: