Nigeria was once predicted to be the fastest-growing economy in the world, but it has faced serious challenges since 2014. In this video, we explore how Nigeria grew with oil wealth and urbanization and what led to its struggles with corruption, instability, and missed chances. Learn how its resources, regional differences, and global reputation have shaped its journey. Can Nigeria overcome these issues and become Africa’s top economy again? Watch to find out.
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Economics Explained

Economics Explained

How Africa’s Biggest Economy Lost 50% of Its GDP

NOV 22, 202420 MIN
Economics Explained

How Africa’s Biggest Economy Lost 50% of Its GDP

NOV 22, 202420 MIN

Description

Nigeria was once predicted to be the fastest-growing economy in the world, but it has faced serious challenges since 2014. In this video, we explore how Nigeria grew with oil wealth and urbanization and what led to its struggles with corruption, instability, and missed chances. Learn how its resources, regional differences, and global reputation have shaped its journey. Can Nigeria overcome these issues and become Africa’s top economy again? Watch to find out.

Learn more about your ad choices. Visit megaphone.fm/adchoices