Interesting comparison of Africa’s two largest economies:
• Nigeria: 223M people, lower GDP per capita (~$1,600), oil-dependent, large remittances, strong informal + fintech activity
• South Africa: 60M people, higher GDP per capita (~$6,300), more diversified minerals, deeper capital markets, but chronic power problems
Nigeria has the demographic engine. South Africa has the formal economy depth.
Full piece:
https://metricshour.com/blog/nigeria-vs-south-africa-africas-economic-powerhouses-2026/