Nigeria is officially the largest economy in Africa

Nigeria has become Africa's biggest economy since April 6, 2014, after rebase of its GDP. President Goodluck Jonathan was delighted on this development, expressed his satisfaction and congratulated all the Nigerians via Facebook in the morning of April 7, 2014, Monday.

However, the president admitted that many of Nigerians live in poverty, noted that lots of work has still to be done.

Read the full message below

Yesterday, our Gross Domestic Product was rebased to give an accurate picture of where we are as a nation. I am glad to report to you that Nigeria is officially the largest economy in Africa with a Gross Domestic Product of $510 billion which also places us as the 26th largest economy in the world.

This feat is a collective achievement of all Nigerians particularly when you take into account the fact that our Per Capita Income had increased by over 60% from $1091 in 2009 to $1700 in 2013, prior to the rebasing.

While this calls for celebration, I personally cannot celebrate until all Nigerians can feel the positive impact of our growth. There are still too many of our citizens living in poverty.

Three years ago, I was asked to define Transformation and I said "Transformation in my view simply means taking what you have and making the best of it and in so doing produce results that can bring about a paradigm shift".

-naij