Nigeria and Egypt are the only African countries projected to be in the top 15 economies by the year 2075

Per projections made by Goldman Sachs, China should lead the global economy in terms of GDP by the year 2075, closely followed by India and the US. Nigeria and Egypt are the only African countries expected to be in the top 15 by that time.

Source:

Goldman Sachs

Period:

2075
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South Africa and Egypt accounted for a third of Africa’s estimated $1.93tn government debt in 2025
  • Government debt across 51 African countries was estimated at $1.93 trillion in 2025.
  • South Africa and Egypt had the largest estimated stocks and jointly accounted for 33.8% of the total.
  • Sudan had the highest debt-to-GDP ratio at 187.6%, followed by Senegal at 130.2%.
  • The estimates use IMF debt ratios and current-dollar GDP, not national authorities’ reported debt stocks.
  • Differences in government coverage, instruments and valuation mean the figures are comparable estimates, not fully harmonised official data.
Kenya and Nigeria accounted for nearly half ($2.45bn) of Africa’s top 10 outward FDI in 2025
  • Kenya led Africa’s outward FDI in 2025, recording $1.26bn.
  • Nigeria followed closely with $1.19bn, after a 191% increase.
  • Together, Kenya and Nigeria accounted for $2.45bn of the top 10 total.
  • Morocco and Egypt completed the top four, with $812.8m and $695.9m.
  • Angola recorded the fastest growth among the top 10, rising 278%.
  • Africa’s total outflow was lower because negative outflows offset gains elsewhere.
Nigeria’s FDI inflow crossed $4bn for the first time since 2014
  • Nigeria’s FDI inflows rose to $4.01 billion in 2025, the highest level since 2014.
  • The 2025 figure represents a 148% increase from the revised $1.61 billion recorded in 2024.
  • Despite the rebound, Nigeria remains far below its 2011 peak of $8.91 billion.
  • Nigeria’s strongest FDI period was 2005 to 2014, when inflows stayed above $4 billion every year.
Nigeria’s FDI inflows rose to 4th in Africa after a 148% increase, while Egypt remained the continent’s top destination
Egypt remained Africa’s top FDI destination with $15.45bn. Nigeria ranked 4th after FDI inflows rose 148% to $4.01bn. Guinea had the biggest top-10 jump, rising 454% to $7.76bn. Africa’s top 10 accounted for 73% of total FDI inflows.
Nigeria’s external debt service crossed $5bn in 2025 after payments in 2018–2025 dwarfed the previous decade
  • Nigeria’s external debt service entered a heavier phase in 2018.
  • External debt service crossed $5bn in 2025.
  • Nigeria paid about $22.2bn from 2018 to 2025.
  • That was about 6x the $3.7bn paid from 2008 to 2017.
  • The 2006 spike reflects one-off debt settlement payments.
Nigeria collected ₦34.6 trillion in company income tax over 11 years
  • Nigeria collected ₦34.62 trillion in company income tax across 45 quarters from Q1 2015 to Q1 2026.
  • Average quarterly collection stood at about ₦769 billion over the period.
  • CIT collections stayed below ₦1 trillion in every quarter until Q2 2023.
  • Since Q2 2024, collections have remained above ₦1 trillion for eight straight quarters.
  • The highest quarterly collection was ₦2.96 trillion in Q3 2025.
  • Annual CIT collections rose sharply from ₦2.82 trillion in 2022 to ₦9.21 trillion in 2025.
  • The recent surge is nominal and likely reflects stronger collections, inflation, naira depreciation, and higher naira-value foreign CIT receipts.
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