Nigeria Set to Pounce as Africa’s Next Economic Tiger
In the next few years, Nigeria is eyeing the lead role as Africa’s economic powerhouse. Compared with its rival economy South Africa, Nigeria has over 100 million more people, fewer entrenched labor problems and an economy that’s growing nearly twice as fast. Technology and telecommunication firms are drawing international competition to a previously struggling African economy. But to grasp the golden ticket to prosperity, the country must first tackle ongoing corruption and heavy reliance on the oil industry.