The International Monetary Fund (IMF) has projected Nigeria’s economy to rise to at least $1.85 trillion in terms of Purchasing Power Parity (PPP) by 2029.
PPP is a metric used to compare the value of different currencies and their ability to buy the same things. It is used for comparing economic productivity and standards of living between countries.
The current PPP rate is $1.44 trillion and the projection by the Bretton Wood institution projects a significant growth trajectory for Nigeria’s economy over the next five years and is a huge increase from $1.44 trillion in 2024 to $1.85 trillion in 2029.
