http://www.theatlantic.com/international/archive/2014/04/how-nigeria-became-africas-largest-economy-overnight/360288/
On Sunday, Nigeria's economy DOUBLED. That doesn't happen often...
The image above was released by the National Bureau of Labor Statistics in order to humorously show the overnight transformation.
Looking at the graph above, it's not surprising that factoring in telecom would make such a huge difference to Nigeria's GDP. There are around 120 million phone users out of a population of 170 million.
This shows that Sub-Saharan Africa as a whole may have been growing a faster rates than economists have projected. But to quote directly from Friedman:
"The good news is that the Nigerian government now has a better system for measuring its economy. The bad news? Knowing Nigeria has a $510-billion economy doesn't reveal a whole lot about the welfare of its citizens."
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