Vunderkind
Social Member
In 2005, Goldman Sachs Investment Bank forecast that Nigeria will be the 20th largest economy in the world by 2025 and the 12th largest by 2050; ahead of Italy, Canada and South Korea. Having identified Brazil, Russia, India and China as four emergent powerhouses of the world economy referred to as the BRICS; it included Nigeria among “the Next Eleven” countries of Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam.
At the U.S.-Nigeria Trade and Investment Forum organised by the Nigerians in Diaspora Organisation of the Americas (NIDOA) in Washington D.C. in 2012, President Barack Obama of the United States acknowledged Nigeria not only as a strategic centre of gravity in Africa; he went further to proclaim the country “the world’s next economic giant.” Early this year, with the rebasing of the country’s GDP, Nigeria emerged as the biggest economy in Africa, surpassing South Africa.
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Source: CodeWit
At the U.S.-Nigeria Trade and Investment Forum organised by the Nigerians in Diaspora Organisation of the Americas (NIDOA) in Washington D.C. in 2012, President Barack Obama of the United States acknowledged Nigeria not only as a strategic centre of gravity in Africa; he went further to proclaim the country “the world’s next economic giant.” Early this year, with the rebasing of the country’s GDP, Nigeria emerged as the biggest economy in Africa, surpassing South Africa.
Click to read more
Source: CodeWit
