Nigeria’s GDP per capita surged 21 percent to $1,095 following the rebasing of the country’s economy, which took more informal sectors into account. But this is still relatively lower when compared to top economies on the continent. Africa’s most populous nation’s income per person stood at $877 in 2024 as per estimates by the International Monetary Fund (IMF), with projections to shrink to $835 this year. But with the revision of the country’s economy, the GDP per capita now surged to $1,095, according to calculations by BusinessDay. Wit
Nigeria’s GDP per capita surged 21 percent to $1,095 following the rebasing of the country’s economy, which took more informal sectors into account. But this is still relatively lower when compared to top economies on the continent. Africa’s most populous nation’s income per person stood at $877 in 2024 as per estimates by the International Monetary Fund (IMF), with projections to shrink to $835 this year. But with the revision of the country’s economy, the GDP per capita now surged to $1,095, according to calculations by BusinessDay. Wit