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Is Nigeria a developing country or a developed country?

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Nigeria has many great things about it. It's economy is growing despite all the troubles with naira and corruption in the country. You can read and compare the South African and Nigerian economies - two largest ones on the Black Continent. However, NIgeria is found in the list of developing countries. And no wonder it is, because 2/3 of all the states in the world are developing. It has great prospective of growth if its people could overcome their ethnic and other differences and start working all together for the good of the nation and their motherland.

READ ALSO: Nigeria vs South Africa – which economy is the strongest?

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Nigeria has many problems to handle, but it also has many blessings to count. READ ALSO: What is nigeria famous for

https://ask.naij.com/interesting-facts/what-is-nigeria-famous-for-i23937.html

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77 percent of all the countries in the world are developing. A great number of them are located in Africa and Latin America. Nigeria is listed among such countries and it manifests the majority of characteristics, adherent to developing countries.

It’s not for nothing that Nigeria is called “African Giant”. It has the 7 largest population in the world and by 2050 it is predicted to surpass USA by the number of its inhabitants. It has everything a country might dream of having: natural resources, rich and fertile land, and great, energetic and smart people.

Presently Nigeria is one of the 11 countries called “Group 11”, which has great prospects of changing its status to “developed”. READ MORE about “Is Nigeria a developing country” in this article: https://ask.naij.com/politics/is-nigeria-a-developing-country-7-top-signs-for-nigeria-i23406.html

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