Nigeria projected to become a top-five global economy by 2100, says ECOWAS President
The President of the ECOWAS Commission, Dr Omar Alieu Touray, has projected that Nigeria could rank among the world’s top five economies by the year 2100.
This statement was made in a message delivered on his behalf at the official launch of the ECOWAS National Biometric Identity Card (ENBIC) by the Nigeria Immigration Service (NIS) on Friday, November 28, in Abuja.
Dr Touray attributed the projection to Nigeria’s ongoing economic reforms and renewed regional leadership under President Bola Tinubu. He also commended Nigeria for taking up a leadership role at a time of regional instability.
He noted that ECOWAS forces had been deployed to Guinea-Bissau to help prevent escalation and support stability in the country. He recognised Nigeria’s active role in promoting peace, security, and development across the West African sub-region.
“While I celebrate this historic milestone, I want to particularly express appreciation to the leadership of Nigeria for advancing ECOWAS integration,” Dr Touray stated. “Despite the security challenges Nigeria is faced with and the loss of lives to terrorism, we continue to see commitment and the willingness to secure the West African region.”
According to the International Monetary Fund’s (IMF) World Economic Outlook data released in April 2025, the world’s top five economies by GDP are the United States ($30.50 trillion), China ($19.23 trillion), Germany ($4.74 trillion), India ($4.19 trillion), and Japan ($4.19 trillion).
As of April 2025, the top five economies in Africa are South Africa ($410 billion), Egypt ($347 billion), Algeria ($269 billion), Nigeria ($188 billion), and Morocco ($166 billion). In the third quarter of 2023, over 5% of Nigeria’s GDP was generated by oil.
This story is written and edited by the Global South World team, you can contact us here.
