Developmental imperatives for a nation

Although Nigeria is the most populous black nation and it is richly endowed with natural resources, according to the CIA World Fact Book (2010), it’s economy ranks 32nd in world. The nation has under utilised its potential due to a number of reasons such as poor governance and political instability. Going by recent trends in countries with similar statistics especially in the areas of population size and GDP growth rate, analysts believe that Nigeria could potentially emerge as one of the world’s largest economies by 2050.

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