Business and Economy

Nigeria confirmed as a key economic centre

Nigeria has been confirmed and added to the list of key economic centres in Africa, thus joining the ranks of Egypt and south Africa, the two other key economic centres in Africa.

This confirmation was made by PKF International, a global association of  legally independent accounting and business advisory firms.

Speaking at the Africa sub-region strategy conference in Accra, Ghana, Theo Vermaak, PKF Africa regional director, said that the World Bank and International Monetary Fund (IMF) positive report on Africa is what informed PKF’s focus on the continent. The two global bodies in their reports had identified Africa as having 7 percent economic growth with the West Africa sub-region contributing over 30 percent of the continent’s GDP.


On his part, PKF Director for West Africa, Tajudeen Akande, said PKF Nigeria’s leadership role in West Africa is what has influenced the confirmation of the country as a key economic centre.  He further emphasized that for Africa to sustain and increase the economic momentum, their is the ever pressing need for regional cooperation and integration among the various economies.

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