Nigeria, which turned 60 a few days ago, has always been known as the “Giant of Africa”. It will not be out of place to say that Nigeria, on several parameters, has fallen flat. The Standard of living in Nigeria is bad, the majority of the population fall below the poverty line, the health system is one of the worst in the world, the safety of lives and properties is not guaranteed. Nigeria, a superpower, has no power. Nigeria cannot even provide electric power to its citizens, especially as the leading oil exporter in Africa.
5 Keys Things to Know About Nigeria
Afrobeats- one of Nigeria’s greatest exports.
Nigeria is a force in Afrobeat. In fact, the major player. Nigeria parades the best of the best in Afrobeats and has attracted heavyweights in the music business worldwide like Drake, Beyonce, and Chris Brown. Popular artists performing on the world stage are from Nigeria. Examples of which are Davido, Wizkid, Burna Boy, and Falz, to mention a few. Davido’s single “Fall is one of the most viewed songs on YouTube in the world with about 184 million views.
Great writers, the all-time great writers have come from Nigeria. The historic Chinua Achebe’s “Things Fall Apart”, published in 1958 has sold over 20 million copies and has been translated into 57 languages. Professor Wole Soyinka is the first African Nobel prize winner in Literature in 1986. Other notable writers are Ben Okri whose book “Famished Road” won Man Booker Prize in 1991, Chigozie Obioma, Helon Habila, Chibundu Onuzo, Sefi Atta, Adaobi Tricia Nwaubani, and Chimamanda Ngozie Adichie.
By 2050, Nigeria will Overtake The US in Population
Nigeria’s population in 2020 is approximately 200 million while that of the USA is 350 million. With the rate of growth in population in these two countries, it is forecasted that by 2050, the population of Nigeria will be 450 million while the US’s population will be 400 million. Apart from the economic dividend that the 60% young dynamic population will offer, if the economic situation remains the same, that will be a big issue.
Between 2005 and 2020, the population of Nigeria grew by 57 million, the entire population of South Africa.
Nigeria Has Lots of Oil, Little Electricity
There have been a series of resources squandering in the Electric Power sector and for 60 years, Nigeria doesn’t look like it knows what to do. The majority in Nigeria depend on power from generating sets and the little the government supplies is still considered over-charged.
Nigeria Still Has Africa’s Biggest Economy
With about $440 billion GDP, Nigeria is still the largest economy in Africa, followed by South Africa as $350 billion.