Upbeat article on Nigeria economy
Nigeria: It’s About More Than Just Oil
By Ambassador Adebowale Adefuye and Stephen Hayes
It is often argued that the economy of Nigeria, the world's 8th largest petroleum exporter, is dominated by oil. With petroleum comprising 97% of total exports and 90% of revenues, this appears a legitimate argument. But the reality is somewhat different. Nigeria is changing, and evolving beyond its status as a mono-economy. A youthful population, robust economic potential and an ambitious pro-growth government agenda are transforming Nigeria's economy, positioning the country as a premier destination for emerging market investment. The country is fertile ground for companies seeking high-growth opportunities.
A Demographic Advantage
Home to more than 170 million people, Nigeria is Africa's most populous country. Urbanization is contributing to projections that the country's population will double by 2050, making demographics central to defining the Nigerian opportunity. With over two-thirds of its populace under 30 and a median age of 18, Nigeria's labor force — 52 million strong — is one of the world's largest and youngest. This youthful population's demographic dividend will increase productivity across a number of sectors in the coming decades while serving as one of the continent's most attractive consumer markets. At 30 million households, Nigeria's vast consumer class is already brand-conscious and becoming more affluent, with nearly a quarter of its population firmly rooted in the middle class.
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https://finance.yahoo.com/blogs/the-exchange/nigeria-more-just-oil-235216753.html