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Vol 66 No 5

Published 7th March 2025


Nigeria

Tinubu aims for Africa’s top economy slot

Officials in Abuja hope the country’s recalculated GDP can help recover its ranking and prove the government’s harsh reforms are working

A full-throated public relations campaign is under way to show that President Bola Tinubu’s reforms are bearing fruit after two troubling years with most Nigerians hit by a cost-of-living crisis and over 30 million suffering acute food insecurity. President Tinubu with his Finance Minister Wale Edun and Central Bank of Nigeria (CBN) Governor Olayemi Cardoso are pointing to a slew of better economic data and say that Nigeria is on course, helped by this year’s rebasing of the country’s gross domestic product, to retake its position as Africa’s biggest economy.

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