Is Nigeria a future superpower?

If Nigeria plays its cards right, it could become Africa’s only global superpower. It already has the continent’s biggest economy, a huge military budget and a fair record of regional engagement. By 2040 it will also be the fourth largest country in the world after India, China and the United States.

Is Nigeria going to develop?

Nigeria continues its recovery from the 2016 recession, sustaining an estimated 2 percent growthrate in 2019. Nigeria’s annual real GDP growth rate, which averaged 7 percent from 2000 to 2014, fell to 2.7 percent in 2015 and to -1.6 percent in 2016.

Does Nigeria have a good quality of life?

Nigeria is in the bottom half of countries in terms of happiness. This study ranks happiness by combining statistics on per capita GDP, freedom to make life decisions, healthy life expectancy, generosity, social support, generosity and perceptions of corruption.

Why is there so much suffering in Nigeria?

Poverty in Nigeria can also be caused by the political instability of the country. However, these programs have largely failed to overcome the three reasons for this persistent poverty: income inequality, ethnic conflict, and political instability.

Is it safe working in Nigeria?

Depending on Nationality(Race), location of work place, Nigeria is relatively safe to work. Abuja which is the capital, and located in the centre of Nigeria is the safest of all. It is the seat of power, and diplomats, as well as politicians reside there, and is relatively well policed.

What is the cost of living in Nigeria?

Family of four estimated monthly costs are 1,615$ (667,396₦) without rent. A single person estimated monthly costs are 445$ (183,916₦) without rent. Cost of living in Nigeria is, on average, 56.50\% lower than in United States. Rent in Nigeria is, on average, 11.82\% lower than in United States.

Is Nigeria rich in oil?

Nigeria is Africa’s biggest oil producer, with fossil fuels accounting for 60\% of government revenue and 90\% of foreign exchange earnings.

What percent of Nigeria is rich?

Nigeria – Poverty and wealth

Distribution of Income or Consumption by Percentage Share: Nigeria
Third 20\%	12.5
Fourth 20\%	19.3
Highest 20\%	55.7
Highest 10\%	40.8