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Nigeria is set to emerge as the continent's biggest economy when the results of an overdue rebasing of its gross domestic product are announced.
Although UN statisticians recommend that countries rebase their GDP calculations every five years to reflect changes in the structure of production and consumption, Nigeria last carried out the exercise in 1990.
So, the new figures expected to be unveiled by Finance Minister Ngozi Okonjo-Iwela and top government statisticians on Sunday, are expected to place Nigeria ahead of South Africa as new and fast-developing sectors such as telecoms, music and local film industry, known as Nollywood, are considered in the GDP rebasing.
Following the adjustment, Nigeria's economy is expected to increase by as much as 60 percent, taking it from $264 billion past South Africa's $384 billion.
