Business Why Nigeria is about to become Africa's biggest economy - GlobalPost

[curator]

OHANNESBURG, South Africa — South Africa’s days as top dog on the continent are numbered. Booming, bustling Nigeria is about to become Africa’s biggest economy.

So pop open a bottle of Moet & Chandon — after all, from 2012-2013, seven Nigerian branches of South African supermarket group Shoprite sold more of the bubbly than its 195 South African shops combined, a sign of Nigeria’s effervescent economy as well as the tastes of its ostentatiously wealthy elite.

As you read this, Nigeria, despite its endemic corruption, grinding poverty, and sectarian violence, has probably already passed into the No. 1-economy slot, just not officially. How, and why? It’s all about the numbers. GlobalPost breaks it down:

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Source: GlobalPost

 

[Abebi Oni]

I really enjoy this post,Nice points shared above.Economy is totally depend upon the resources of the nation income,Thanks for sharing this post with us.

 

[curator]

I really enjoy this post,Nice points shared above.Economy is totally depend upon the resources of the nation income,Thanks for sharing this post with us.

Well the challenge is making sure the spoils filter down otherwise you will have the same problem as South Africa, India, Brazil, Russia - where are few are enjoying the spoils and everyone else lives in the fourth world.

 

[abujagirl]

Well the challenge is making sure the spoils filter down otherwise you will have the same problem as South Africa, India, Brazil, Russia - where are few are enjoying the spoils and everyone else lives in the fourth world.

some Nigerians are living in the fourth world....

 

[curator]

some Nigerians are living in the fourth world....

and some in the fourth dimension