Abuja - South Africa may lose the top spot as Africa’s largest economy to Nigeria in the next 2 years.
A survey conducted by Reuters showed that Nigeria’s economy is moving at a faster rate than South Africa, reports Leadership.
The result showed that the Nigerian economy has surpassed that of South African in the last few years.
Two major causes for the rise are the increase in Nigeria’s Gross Domestic Product (GDP) and rising production levels.
This is a sharp contrast to the fortunes of South Africa, which is facing high employment and a slowdown in the euro zone.
In 2012, Nigeria’s economy grew by 6.6 per cent , which is 4.3 percent higher than South Africa’s 2.3 per cent..
Read more on Leadership