Business & Finance

Nigeria To Be Among Top 10 Global Economies – US

The United States has said that Nigeria’s estimated middle class of 50 million people will help grow the country into one of the top-ten global economies by 2050.

The US Assistant Secretary, Bureau of African Affairs, Linda Thomas- Greenfield, stated this in Washington ahead of the meeting of the US-Nigeria Bi-National Commission, which took place yesterday.

She said: “In case anyone has any doubts on the extent of Nigeria’s importance in Africa and the world… Nigeria’s population is projected to reach 400 million by 2050, overtaking the United States and becoming the third most populous country in the world.

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The median age in Nigeria is 18. Nigeria is Africa’s largest economy and Africa’s largest oil producer. The country’s middle class of roughly 50 million people is expected to help grow the country into one of the top-ten global economies by 2050.”

Thomas-Greenfield stressed the importance of Nigeria to the world when she said: “These statistics paint the picture of a country with enormous potential and opportunities ahead of it, yet daunting challenges it must tackle in order to succeed.

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