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Perspectives

Nigeria
Facing the future

Par Cédric Gouverneur - Publié en janvier 2023
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The giant Lagos, which has 22 million inhabitants. SHUTTERSTOCK
The giant Lagos, which has 22 million inhabitants. SHUTTERSTOCK

Officially, it is the richest country on the continent, just ahead of South Africa, boosted by its oil economy. It is also the most populated, with 210 million inhabitants including two-thirds living in "multidimensional" poverty. An ethnically complex giant, weakened by terrorist violence. A nation in permanent crisis, which is about to elect a new president, a "miracle" personality...

When the Federal Republic of Nigeria became independent in 1960, its economic performance was comparable to Malaysia’s. Since then, the Southeast Asian country has grown into a prosperous and stable nation. And while the English-speaking West African giant has the largest GDP on the continent with $440 billion (South Africa reaches $420 billion and Egypt $404 billion) thanks to hydrocarbons – a new field with a capacity of one billion barrels of oil and 500 billion cubic feet of gas has just been discovered in the northeast, in Kolmani –, behind the macroeconomic front, the social situation way less positive. According to the latest figures from the National Bureau of Statistics (NBS) and UN agencies released in November, two-thirds of Nigerians – 133 million out of 210 – live in "multidimensional poverty"...

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