According to news reaching us from South Africa we were told that there is a change of baton between South Africa and Nigeria in the relay race of economical growth and development! According to the source, Nigeria is expected to release revised
economic figures in December to show that the country has overtaken
South Africa as Africa's largest economy!
from media it's reported that The Nigerian economy has been growing faster than the South African economy for some years. In 2012 Nigeria's economy grew by 6.6% while South Africa's grew only between 2-3%...
from media it's reported that The Nigerian economy has been growing faster than the South African economy for some years. In 2012 Nigeria's economy grew by 6.6% while South Africa's grew only between 2-3%...
Leonce Ndikumana, a Professor of Economics at the University
of Massachusetts, Amherst argues that despite its growth, the Nigerian economy
has been growing in the capital-intensive oil sector.
So, while the country has experienced economic expansion, this has
not been accompanied by employment creation. In fact the Nigeria's
unemployment problem has worsened - a cautionary note for the kinds of
sectors countries should prioritize for investment and expansion.Read more!....
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