>Nigeria gdp in 2014 574 billion usd>Nigeria population in 2014 179 million >Nigeria gdp in 2024 252 billion usd>Nigeria population in 2024 234 millionI didn't really have high expectations but how did they fuck up this bad? I thought Nigeria was some kind of success story as far as African countries are concerned
>>203783971Muslims in the North.
>>203783971Their GDP only grew as oil prices did, after oil prices fell their economy went tits up and then you had other problems like oil theft and organized crime on top of that. It's essentially a quasi-failed state.Big oil are now desperately trying to sell their assets in Nigeria to build offshore rigs because inland oil infastructure is being dismantled and as much as 1/4 of all oil produced in Nigeria is stolen by random mbongo gangs.
isnt this a currency problem? Use PPP
>>203784111>is stolen by random mbongo gangsit is dey culture
>>203784119Yes and no, their real growth was also shit tier after 2014, it hasn't even matched population growth
>>203783971Yeah it's another example of how the thirdie countries are NOT going to automatically ascend like people thought they would 10+ years ago. It's like the BRICS meme, it isn't going to happen at a timescale people think it will. Nobody is going to move to firstie status for a long time.
>>203784186>2014Commodities markets busted that year and haven't ever really recovered. All sorts of previously middle income resource extractor shitholes that were projected to keep raking in money until they became first world suddenly stagnated or even declined (e.g. Brazil)
>>203784353Yeah turns out basing your entire economy on plucking cocoa beans might not be a great bet
>>203783971all of africa is like that their population growth is hindering their economic development
>>203783971>I thought Nigeria was some kind of success story as far as African countries are concernedNo lol.
>>203784111>Their GDP only grew as oil prices did, after oil prices fell their economy went tits up and then you had other problems like oil theft and organized crime on top of that.Damn... I wonder who that reminds me of.
>>203783971So that's the reason they haven't flooded the internet yet
>>203783971>55 MILLION more niggers in 10 yearsSignori, this is a civilization-ending event. It was nice till it lasted.
>>203784003the richest nigerian is literally muslim dough
