It is said that by 2028 the economy of Nigeria is to become the 25th largest in the world, confirming the country’s ranking as the largest economy in Sub-Saharan Africa.
While we’re on the subject, South Africa does not have any place in this table that contains 30 prospective economic powerhouses by 2028. While on the flip side, Nigeria, currently 36th on the table, is not only expected to rank 25th on this chart, The economy of Nigeria is anticipated to
The chart shows Nigeria being ranked among economic hubs of the world, such as the United States of America, China, Japan and Germany, among others. This achievement is credited to the growing Nigerian population, providing a massive consumer and market base.
Desirable demographics are the main driving force while on the opposite side of things the main risk is political instability and violence which will prevent investment.
Other countries that the economy of Nigeria overtakes:
Additionally, the other countries that the economy of Nigeria will overtake are Sweden (26th on the chart); Argentina, (29th), as well as the Netherlands, (last).