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Nigeria has the way it its gross domestic product (GDP) and has it is now Africa's largest economy. It is the first time the continent's most populous nation has the top spot. Nigeria "" its gross domestic product data to newer industries that were not for under the old GDP measuring rules. The inclusion of sectors such as telecommunications, information technology, movie production and online commerce has the country above the traditional economic powerhouse, South Africa. Nigeria's statisticians GDP for 2013 $510 billion, considerably bigger than South Africa's GDP of $370 billion.

Rebasing of GDP is what most countries every three years to for the economic contributions of new and emerging industries. Nigeria hadn't rebased its economy in two decades. In this time, many new industries have . Nigeria's chief statistician Dr Yemi Kale said the new figures do not Nigerians are suddenly richer. He : "It's just about better and more accurately. It does not that within 24 hours, something miraculous has ." Nigeria's Tribune newspaper : "Although pockets of vast wealth exist, most of Nigeria's estimated 170 million people still live on $2 a day, while key services such as water and electricity provision poor."