Nigeria, despite being Africa’s largest economy by nominal GDP, is not ranked among the top 15 richest countries on the continent when measured by GDP per capita.
Q According to recent data, smaller nations with higher economic output relative to their population sizes, such as Seychelles, Mauritius, and Botswana, have surpassed Nigeria in terms of wealth per individual.
Nigeria’s GDP per capita remains lower due to its large population and socio-economic challenges. This highlights the disparity between total national income and the average wealth of citizens, shedding light on the nation’s struggle to achieve equitable economic growth.
