Nigeria is now the largest economy in Africa. It is home to one-fourth of the population of Sub-Saharan Africa and has a booming economy. South Africa has a good economy, but Nigeria's is more open to newinvestment and has a population that is four times larger. President of Nigeria, Goodluck Jonathan, is improving their economic state now. His re-election is expected to be held in the first quarter of 2015 but could be as soon as December of this year. Though Nigeria's economy is doing well, it still has a lack of consistent power resources. If Nigeria's economy fails, so does the economy of West Africa. They are in charge of West Africa's success. One of the major investers in Nigeria's economy is South Africa. South African banks and businessesa are both partners and competitors. Increased business between the two countries will hopefully imrove their cooperation together. I am glad to read that South Africa and Nigeria compete to improve their economies. Recently, every one in our class did a project on a specific Sub-Saharan African country. Afterwards we voted on which would be the best to which we should contribute. It is good that Nigeria is prospering. This will benefit the entire region of West Africa and improve their standard of living.
Almost all of this exquisite information was obtained from my huge brain, but to be honest, really all of the facts came from the website of
http://www.usnews.com/opinion/blogs/world-report/2013/12/03/what-nigeria-becoming-africas-biggest-economy-really-means?scrlybrkr=ad539e27.
By the way. Why should you never marry a tennis player?
By the way. Why should you never marry a tennis player?
It is good that Nigeria is prospering both for Africa and the world.
ReplyDeleteI agree^. That is indeed good and hopefully for the best!
ReplyDelete-Boomer