UNECA rates Nigeria 6th Africa's best economy in 2010

A United Nations(UN) EconomicCommission for Africa (UNECA) report has rated Nigeria as one of the 10 economies that grew fastest in Africa in 2010.The 2011 African Economic Outlook published by UNECA said Nigeria had 6.9 per cent growth rate during the year under review and was the sixth on the continent.The report, made available to the News Agency of Nigeria (NAN) in Addis Ababa, Ethiopia, rated Ghana as the fastest growing country with 12 per cent economic growth, followed by Ethiopia with 10 per cent, while DR Congo was rated the third with 8.4 per cent growth.The report also listed Tunisia, Libya, Egypt, Cote d'Ivoire, Benin, Comoros, Madagascar, Swaziland, South Africa and Lesotho as the 10 countries with slowest economic growth in Africa.It stated that a robust growth had been registered in sub-Saharan Africa, while the growth rate in North Africa was much lower, due to the political unrest in the region.'GDP growth in North Africa in 2010 has declined to 0.7 per cent from 4.7 in 2010. The unrest in North Africa led the region to near stagnation,' it stated.The report said East Africa had shown the greatest GDP growth of 6.7 per cent and was expected to remain steady in 2012.It urged African countries to rethink their overall engagement strategies with their new and old partners.The report also called on African countries to improve their national strategic development through trade, cooperation, and investment.
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