Wednesday, 03 June 2020

d development

Nigeria, the African genie may come back again The world in 2050, Africa in the lead

Nigeria, the African genie may come back again

Abu Dhabi, United Arab Emirates:- PricewaterhouseCoopers International Professional Services has published a report entitled "The World in 2050," in which it predicts that major emerging market economies will grow twice as fast compared to advanced economies, and by 2050 today, emerging market economies will be among the seven most powerful economies in the world , Bypassing the United States, which will drop from second to third, and Japan, which will drop from fourth to eighth, and Germany, which will drop from five to nine.

These six countries are: China and India from Asia, Mexico and Brazil from Latin America, and Nigeria in Africa.

Nigerians work hard, and it is customary for the Nigerian citizen to engage in multiple businesses at the same time, as they transform daily challenges, such as poor public transportation, to create profitable business opportunities, such as the "Okadasa" project, which is a motorcycle transport application similar to the "Uber" application. Despite concerns about government corruption and foreign investment, the population is optimistic about the country's future.

Some countries have used in the past, Nigeria's natural resources and raw materials under the guise of aid, and today, Nigerians are keen when getting money from other countries, and are looking at the benefits that these countries will gain in return. Nigeria's economy is one of the strongest in Africa, and is expected to grow at 4.2 percent annually.

By 2050, Nigeria is expected to rise from 22nd to 14th among the world's largest economies.

While the government is still fighting a long-term battle against corruption nesting in the country’s pillars, Nigerian entrepreneurs have played a large role in the country's advancement.

The data of the Global Entrepreneur Observatory report indicate that more than 30 percent of the population of Nigeria are entrepreneurs, or own new projects, and this percentage places Nigeria among the countries with the highest percentage of entrepreneurs in the world.

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