They have tukananad enough since the news broke. But this is a pipe dream because shida za Nigeria alone will not allow them to become a super power .We are fairing better than than them.

Niegeria -This is a new country.

GDP is utter nonsense. Only the top percent in each country benefit when the GDP expands.GDP is a misleading indicator of quality of life due to the following
1. More populated countries tend to have higher GDP e.g Nigeria, China, USA, Russia etc which doesn’t imply improved quality of life for the residents.
2. Reffering to point one above, GDP and per capita income assumes that all citizens make an equal contribution to GDP.Which is false considering that only the top percent and corrupt benefit from a higher GDP.
3. GDP per capita is a misleading since in some countries the people who are responsible for production of final goods and services in that country may not be residents of the same country hence leading to an understatement of overstatement of GDP per capita
Some examples to prove that the size of GDP doesn’t necessarily affect the quality of life.
1. USA and China have the largest GDP’s but are ranked at 22 and 82 respectively in terms of life satisfaction.
2. China has the 2nd largest GDP size but its ranked No.93 in terms of GDP per capita.
3. Denmark is ranked 33 and 20 in terms of GDP size and GDP per capita respectively but it’s ranked No.1 in terms of life satisfaction.

GDP is not 'useless' it simply does not paint the whole picture. there many things. kuna GPD per capita, GINI (inequality coefficient), Human development index (HDI) < -- all these paint the correct picture of what is supposed to be a 'good country'. Remember my comment on another thread that Tokoyo in 2007 had more GDP that the whole of Africa combined now? it tells a story but not the whole story!! When we say Nigeria has a high GDP we mean that it's large population is being engaged in 'production'. GDP is not wealth and is not 'a good life'

PS. Nordic countries and Japan that have 'high satisfaction indicators' are also countries with high rates of depression and suicides

http://healthland.time.c...-highest-suicide-rates/[/quote]

@Makales, I don't agree with that statement.In countries where we have corruption and inequities like Kenya,south Africa and Nigeria.Its the elite minority who are involved in production.

The topic simply states that Naijja will have the biggest GDP in Africa, @Swenani, is that alone not a reason for them to celebrate?

Bigger gdp is good news for the state more than it is for the people. Larger gdp usually means more disposable income for the government in the form of revenue or tax.

I was looking fwd to an interesting debate, good points masukush!

Nigeria owes it's gdp growth to the size of its consumer market.So if we populate well we may as well come tops because there's nothing much save for corruption, epileptic power supply, unemployment, bad roads, embezzlement of public funds, ethnic and religious killings, strikes, terrorist attacks, ritual killings and other social vices in that place.

Nigeria imo is just big in papers but the reality on the ground is diff.
We have even struck oil,the only one commodity which seems to push Nigeria ahead because of the high price of crude oil.
Compare our exports with Nigeria's. We even have a dreamliner while they have Arik!ok i am jealous.
We have better infrastructure,better power supply,better healthcare,better buildings,better goverment (i know i know).

Investors rush to nigeria because of the large consumer market but other factors dissuade them from fully investing -some are pulling out for security reasons,infrastructure and corruption.
How can a big economy like nigeria fair worse than those with a small one like us.It's therefore not proper to gauge a country's develpt by its GDP size alone.

Nigeria has "rebased" its gross domestic product (GDP) data, which has pushed it above South Africa as the continent's biggest economy.

Nigerian GDP now includes previously uncounted industries like telecoms, information technology, music, online sales, airlines, and film production.

GDP for 2013 totalled 80.3 trillion naira (£307.6bn: $509.9bn), the Nigerian statistics office said.

That compares with South Africa's GDP of $370.3bn at the end of 2013

no they are not!

How can the GDP of a country be called unneccessary details????