Nigeria named best economy in Africa by Forbes

Globally recognised and respected research firm, Forbes Africa, has named Nigeria as the best economy in Africa.

The firm made this known as it published a ranking of the ten biggest economies in Africa with Nigeria topping the list with $172 billion.

Nigeria is closely followed by South Africa at second with $166.735 billion while Egypt is ranked third with $78 billion.

Algeria follows its north Africa neighbour at fourth position with $66 billion, Libya, also from north Africa, is fifth with $65 billion, Botswana is sixth with $22.675.

Nigeria’s West-African neighbours, Ghana, is seventh with $20.458, Morroco is eighth with $18 billion, Ivory Coast is ninth with $11 billion while Madagascar is tenth with $6.766 billion.