Is Nigeria really the giant of Africa?

Nigeria’s economy is the largest in Africa, the 27th-largest in the world by nominal GDP, and 25th-largest by PPP. Nigeria is often referred to as the Giant of Africa owing to its large population and economy and is considered to be an emerging market by the World Bank.

Which country is the giant of Africa now?

Nigeria
Nigeria, Africa’s most populous country, is appropriately nicknamed the “Giant of Africa.” But a big population can mean big problems, including human trafficking, being ranked the 8th worst country internationally, and 67 percent of the population living in poverty.

Will Nigeria be a developed country?

In the 2018 Human Development Index ranking, out of 189 countries, Nigeria was ranked 157th. It is far from the perfect result, but Nigeria is not among the lowest countries either. There are many reasons why Nigeria is still a developing country, and definitely cannot be classified as developed.

Is Nigeria really the ‘giant of Africa?

The country also has multinational corporations spread all over the world, the most popular among Nigerians include MTN, MultiChoice, Shoprite. It is evident that Nigeria has not really lived up to the title of the ‘Giant of Africa’ and over time, South Africa has begun to live up to the title and position.

Why is Nigeria the most populous country in Africa?

Nigeria is the most populous country in Africa. It is also the most populous black country in the world and it also sits at seventh position on the rankings of the most populous countries in the world. A large population is supposed to be a reservoir of labour, military strength/force/advantage as well as an actual and potential large market.

Is Nigeria’s military the most formidable in Africa?

There is a common belief among Nigerians that the country possesses the most formidable militancy. However, this contradicts facts, for according to a recent study of the military of Africa, Nigeria currently ranks fifth behind South Africa, Ethiopia, Algeria and Egypt.

Is Nigeria an industrialised country?

Nigeria cannot be said to be an industrialised country because or major income comes as a result of our export of oil. Over the years, there have been calls for a diversification of the economy as well as an industrialisation of the country but this sadly, has not occurred.

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