Nigeria Ranked The 3rd Richest Country In Africa, Only Behind Egypt And South Africa

Nigeria Ranked The 3rd Richest Country In Africa, Only Behind Egypt And South Africa

South Africa (1st), Egypt (2nd), Nigeria (3rd) were ranked the top three wealthiest nations on the resource-rich African continent with US$722 Billion, US$330 Billion, and US$253 Billion  respectively.

The report projected that the total private wealth in the continent will rise by 34 per cent over the next 10 years, reaching US$3.1 trillion by the end of 2027.

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“We expect Mauritius, Ghana, Rwanda and Uganda to be the strongest performing wealth markets in Africa during this period,” reads the report.

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South Africa, Angola, Morocco, Egypt, Ivory Coast, Tanzania and Nigeria, however, got less favourable predictions, although still positive.