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Economic Boom Ahead! Nigeria Projected to Rank 3rd in Africa by 2025 – NOA Declares
The National Orientation Agency (NOA) has projected that Nigeria is on track to surpass Algeria and emerge as Africa’s third‑largest economy by Gross Domestic Product (GDP) in 2025, buoyed by a recent surge that expanded the country’s GDP by 38 percent.....KINDLY READ THE FULL STORY HERE▶
In its weekly bulletin, The Explainer, NOA referenced new data from the National Bureau of Statistics (NBS), which put Nigeria’s GDP at ₦372.8 trillion for 2024 following a rebasing exercise that shifted the base year to 2019.
Chaired by the Minister of Information and National Orientation, Mohammed Idris, NOA’s editorial board noted that the revised figures show Nigeria narrowing the gap with Algeria. The latest NBS data indicates that, despite moving from an earlier GDP estimate of $187.8 billion to $243.7 billion, Nigeria still ranked as Africa’s fourth‑largest economy in 2024, just behind Algeria, which posted a nominal GDP of $247.63 billion.
According to NOA, projections suggest that by the first quarter of 2025, Nigeria’s rebased economy will likely edge past Algeria.
“The 52nd edition of this publication highlights the rebasing of Nigeria’s GDP by the NBS. The rebased GDP now stands at ₦372.8 trillion ($243.7 billion) using 2019 as the new base year and factoring in previously unrecorded sectors such as e‑commerce, mining, and informal activities.
“This represents a 38 percent increase from previous estimates, placing Nigeria as Africa’s fourth‑largest economy and closing in on Algeria. Services lead with 53.09 percent, followed by agriculture (25.83 percent) and industry (21.08 percent).
“Although naira depreciation affected dollar‑denominated GDP, the economy still recorded an 81.8 percent growth from 2019 to 2024. The rebasing underscores Nigeria’s economic diversification and the untapped potential in the informal sector,” the agency stated.
Barcelona winger Lamine Yamal has hailed Inter Miami captain Lionel Messi as the greatest footballer of all time, saying the Argentine’s achievements place him above every other player in the sport’s history.....KINDLY READ THE FULL STORY HERE▶
News reports that Yamal made the comments on Monday, April 20, shortly after being named Best Young Athlete at the 2026 Laureus World Sports Awards in Madrid.
The teenage star expressed deep admiration for Messi while speaking about his own ambitions in football, stressing that the Argentine icon has earned worldwide respect through his remarkable career.
“Leo Messi is the best football player of all time. If he’s not the best athlete of all time, he’s certainly among them. Everyone respects him for what he’s achieved, and I hope I can follow in his footsteps,” Yamal said.
Messi, who is widely regarded as one of football’s greatest legends, has won more than 45 trophies throughout his career, including multiple league titles, continental championships, and the FIFA World Cup with Argentina.
Now 38, the eight-time Ballon d’Or winner is nearing the final stages of his playing career and is expected to take part in what could be his last World Cup this summer.
Meanwhile, Egyptian forward Mohamed Salah has revealed his desire to end his Liverpool career on a positive note after scoring in his final Merseyside derby during a 2-1 victory over Everton at Anfield.
Salah opened the scoring in the intense encounter, registering his ninth goal in the derby and equalling Steven Gerrard as Liverpool’s joint-highest scorer in the fixture.
The forward, who has had a mixed season, once again delivered in a crucial moment as Liverpool continue their push for a top-four finish and Champions League qualification.
Speaking after the match, Salah emphasised the importance of helping the team secure European football as he looks ahead to the end of his Anfield journey.
“I hope I will just keep scoring and help the team to achieve the Champions League this season. Hopefully, I say farewell in the right way,” Salah said.
“It feels great. The most important thing was to help the team settle down and feel more confident. We knew before the game it was going to be tricky, difficult, and I’m glad we were able to win it.”
Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, has advised the House of Representatives member of the African Democratic Congress (ADC), Leke Abejide, to remain in his party.....KINDLY READ THE FULL STORY HERE▶
Gbajabiamila made the remark during a birthday celebration organised in honour of Abejide, according to reports.
He noted that the All Progressives Congress (APC) was pleased with the lawmaker’s activities within the ADC, adding that his presence was creating internal tensions in the opposition party.
The Chief of Staff also urged Abejide to disregard calls from APC members, including former Kogi State Governor, Yahaya Bello, who had reportedly encouraged him to defect to the ruling party.
“Don’t come to APC. Stay in ADC and scatter them. We like what you’re doing. Don’t mind former governor Yahaya Bello, who said you should join APC. No, no, no, stay in ADC and win your election. Also, bring Bala Gombe, and we’ll support him. Good luck in court,” he was quoted as saying.
Meanwhile, fresh tension has emerged within the African Democratic Congress as factional leader Nafiu Bala accused former national chairman Ralph Nwosu of misrepresenting the purpose of a recent party event.
Bala, speaking in an interview on AIT on Monday, said he was invited to what he believed was a routine meeting to welcome new members but later discovered it was used to announce a new leadership structure led by David Mark.
He explained that he only realised the full agenda after proceedings had begun, adding that the event also featured Nwosu stepping down while unveiling new party executives.
According to him, the development has deepened existing internal disputes within the party, especially with the appointment of David Mark and others into key leadership positions during the gathering.
Leaders of the All Progressives Congress (APC) in Ogun East Senatorial District have reportedly endorsed Governor Dapo Abiodun as their preferred candidate for the 2027 senatorial election.....KINDLY READ THE FULL STORY HERE▶
According to reports, the decision was taken on Monday during a large political gathering held at Adeola Odutola Hall in Ijebu-Ode, which attracted party stakeholders and grassroots representatives from across the district.
A statement from the governor’s media office indicated that the meeting was widely attended by key APC figures, including members of the Governor’s Advisory Council, former and serving local government chairmen, councillors from all wards, as well as current and former lawmakers at both state and national levels. Women leaders, youth groups, and other stakeholders were also present.
Party leaders at the event expressed confidence in Abiodun’s capacity to represent Ogun East effectively at the National Assembly, describing his leadership record as a key factor in their decision.
They also resolved to formally communicate the endorsement to the governor and begin mobilisation efforts ahead of the 2027 electoral cycle.
The Secretary to the State Government, Tokunbo Talabi, noted that the governor’s performance in office and his role in fostering unity within the party were central to the decision to support his senatorial ambition.
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