Nigeria is laggard economy in West Africa – Survey
Cote d’Ivoire leads sub-region in GDP count
By Anthony Opara
Despite its often stated potentials, Nigeria has emerged as the laggard nation in a survey of 15 West African nations in the critical arena of Gross Domestic Product, GDP growth rate in 2018.
The survey outcome which was published on the twitter page of the Managing Director of Pwc Nigeria, Mr Andrew Nevin, PhD revealed that the Francophone nation of Cote d’Ivoire emerged as the West African nation with the highest GDP growth rate in the year under review.
Other high performing nations in the sub-region are Burkina Faso, Senegal and Ghana.
The survey also revealed that two-thirds of the nations in the sub-region were presently growing at above five percent with Togo, Mauritania, Sierra Leone, Liberia and Nigeria being the only nations that are recording less than five per cent annual economic growth.
Nigeria’s President, Muhammadu Buhari