Nigeria's economy fared better than those of most advanced economies of the world last year, with her gross domestic product (GDP) growing by 7.85 percent, compared to a global average of 3.9 percent, according to the World Economic Outlook. Minister of Finance, Segun Aganga said in his presentation at the Institute of Directors (IOD) in Lagos at the weekend that Nigeria's GDP growth rate is among the highest in the world, behind those of China and India.
While average GDP growth rate for Sub-Saharan Africa is put at 4.7 percent, the minister said the GDP of South Africa, the biggest economy on the continent, grew by a mere 2.7 percent.
While average GDP growth rate for Sub-Saharan Africa is put at 4.7 percent, the minister said the GDP of South Africa, the biggest economy on the continent, grew by a mere 2.7 percent.
