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Nigeria has changed the it measures its gross domestic product (GDP) and has announced it is now Africa's largest economy. It is the first the continent's most nation has claimed the top spot. Nigeria "rebased" its gross domestic product to incorporate newer industries that were not accounted for under the old GDP measuring . The of sectors such as telecommunications, technology, movie production and online has pushed the country above the traditional economic , South Africa. Nigeria's statisticians say GDP for 2013 totalled $510 billion, bigger than South Africa's GDP of $370 billion.

Rebasing of GDP is what most countries do three years to account for the economic of new and emerging industries. Nigeria hadn't rebased its economy in two . In this time, many new industries have blossomed. Nigeria's chief Dr Yemi Kale said the new figures do not mean Nigerians are suddenly richer. He explained: "It's just about measuring better and more . It does not mean that 24 hours, something has happened." Nigeria's Tribune newspaper wrote: "Although pockets of wealth exist, most of Nigeria's estimated 170 million people still live on $2 a day, while services such as water and electricity provision are ."

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Good Luck. Nigeria has changed the it measures its gross domestic product (GDP) and has announced it is now Africa's largest economy. It is the first the continent's most nation has claimed the top spot. Nigeria "rebased" its gross domestic product to incorporate newer industries that were not accounted for under the old GDP measuring . The of sectors such as telecommunications, technology, movie production and online has pushed the country above the traditional economic , South Africa. Nigeria's statisticians say GDP for 2013 totalled $510 billion, bigger than South Africa's GDP of $370 billion. Rebasing of GDP is what most countries do three years to account for the economic of new and emerging industries. Nigeria hadn't rebased its economy in two . In this time, many new industries have blossomed. Nigeria's chief Dr Yemi Kale said the new figures do not mean Nigerians are suddenly richer. He explained: "It's just about measuring better and more . It does not mean that 24 hours, something has happened." Nigeria's Tribune newspaper wrote: "Although pockets of wealth exist, most of Nigeria's estimated 170 million people still live on $2 a day, while services such as water and electricity provision are ."
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