Nigeria’s Economy’ll Hit $1.85tn By 2029 – IMF

The International Monetary Fund has predicted that Nigeria’s economy will reach $1.85tn by 2029, in Purchasing Power Parity terms.

The projection suggests a significant growth trajectory for the country’s economy over the next five years.

According to the IMF data, Nigeria’s Gross Domestic Product in PPP terms has been steadily increasing, from $1.36tn in 2023 to $1.852tn in 2029.

GDP is the most commonly used single measure of a country’s overall economic activity. PPP is a theory that relates…