GDP: IMF ranks Nigeria 1st in Africa, 26th in the world

Such fluctuations may change a country’s ranking from one year to the next, even though they often make little or no difference in the standard of living of its population.

Nigeria had put in place several measures to improve the economy by tackling various sectors that have a direct impact on the lives of its citizens.

The Economic Recovery Growth Plan (ERGP) of the government aims to tackle the key challenges to economic development by tackling constraints to growth and leveraging the power of the private sector.

It also initiates the promotion of national cohesion and social inclusion, allowing markets to function as well as uphold the core values that define the Nigerian society as enshrined in the 1999 Constitution.

The key principles on which the ERGP stands are focus on tackling constraints to growth; leveraging the power of the private sector and promoting national cohesion and social inclusion

Others are allowing markets to function and upholding core values that define the Nigerian society.

IMF’s 2020 World Economic Outlook ratings.