The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has disclosed that Nigeria has fallen from the 32nd largest economy in the world to 42nd.
He added that in Africa, the nation has also descended from its 1st ranking to 4th in terms of wealth management and accumulation.
The renowned economist further explained that Ghana has also overtaken Nigeria, saying, that in the past, Nigeria is always richer than Ghana.
In March this year, Rewane, the CEO of FDC, was among the appointed members of President Bola Tinubu’s Economic Management Team Emergency Taskforce (EET) with a mandate to formulate and implement a consolidated emergency economic plan.
Speaking on the first anniversary of Tinubu’s term in office on Wednesday, Rewane, during his economic scorecard and presentations on Channels Television, categorized Nigeria’s economic performance into the good, bad, and ugly based on his available metrics.
He added that the economic metrics and rankings look tough but there is room for improvement in the Nigerian economy.
0
0
