Forbes rates Nigeria as 2018 best economy in Africa
A major research firm, Forbes Africa has rated Nigeria as the 2018 best economy in Africa.
It published its findings on the ten biggest economies of Africa with Nigeria topping the list.
According to Forbes, Nigeria came on top with $172 billion which was followed by South Africa with $166.735 billion.
Also on the list was Egypt as third with $78 billion, Algeria with $66, Lybia :$65, Botswana: $22.675, Ghana :$20.458 Morroco :$18, Ivory Coast :$11 and Madagascar with $6.766 billion.
Debt Reserves and GDP analysis!!!
U.S National Debt – $21 Trillion.
U.S Foreign Reserves – $125 Billion
Debt to GDP 76%
U.K National Debt – $2.3 Trillion.
U.K Foreign Reserves $164 Billion.
Debt to GDP 89%
China National Debt – $4.3 Trillion.
China Foreign Reserves $3.1 Trillion
Debt to GDP 41%
Nigeria National Debt – $73 Billion.
Nigeria Foreign Reserves $47 Billion
Debt to GDP 21%
Certainly, debt is not the problem, it is what you use the money for that is the problem.
Sometimes, politics make the intelligent person looks dumb.
Debt Reserves and GDP analysis!!!.
Google it or argue with your PAD.