Nigeria is projected to slip to the fourth largest economy in Africa in 2024, behind South Africa, Egypt, and Algeria, according to IMF forecasts for April 2024.
Nigeria which has held the title of “Africa’s largest economy” since the GDP rebasing in 2013 is projected to have a total GDP of 253 billion dollars in 2024, primarily due to the devaluation of the Naira.
In this report, WADR’s Usman Umar examines IMF’s data alongside divergent views of experts.
